Last Friday (April 5th), the US dollar index experienced a short-term surge due to unexpected non farm payroll data that suppressed market expectations for the Federal Reserve's interest rate cut.
On Tuesday (April 2nd), the US dollar index first rose and then fell, briefly above the 105 level during trading. However, during the US session, it fell to an intraday low of 104.67 before rebounding
On Monday (April 1st), due to the first expansion of the US manufacturing PMI since September 2022 in March, market expectations for the Federal Reserve's interest rate cut in June have weakened.
The US dollar continued to rise on Thursday (March 28th), with the US dollar index rising as high as 104.73 and closing at 104.54. Only one step away from strong resistance of 105.00.
x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.