Huo Xing Finance reports that on October 15, the US Dollar Index (DXY) declined slowly during early Asian trading, fully erasing all gains since the release of the US September CPI data yesterday (which had peaked at a cumulative rise of approximately 70 points); it is now trading at 102.16. The GBP/USD and EUR/USD pairs rose about 0.3%, currently trading at 1.3231 and 1.1197, respectively.
DXY Loses All Gains Since CPI Report Release
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Summary
The Fear and Greed Index turned negative as the DXY erased all gains since the U.S. September CPI report. On October 15, the U.S. Dollar Index (DXY) declined to 102.16 during early Asian trading. The GBP/USD and EUR/USD pairs rose approximately 0.3%, reaching 1.3231 and 1.1197, respectively. The daily market report indicates ongoing pressure on the greenback amid mixed regional signals.
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