AnalisisTinjauan PasaranDollar Index is Falling

Dollar Index is Falling

The dollar index fall this week after the oil price jumped by 5$ and the lower numbers of Jobs Adding.

This will lift the probability of “less than expected” NFP and “higher than expected” Unemployment Rate, causing a big sell on the dollar index and on the stocks, a lifting the Gold Up.

The labor market is starting to go down, so the inflation might go down a little bit but as per forecast, they expect a CPI of 6.0% Y/Y, the same as last month ; a negative PPI and Retail sales.

These few days will be important to show the way of the inflation but as showen, the US econony is going into recession soon.

johnny
johnny
Ph.D in Economics
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