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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn]: Will the retail sales data push the US dollar index into the bearish range on Thursday?" Hope it will be helpful to you! The original content is as follows:
Aihua Foreign Exchange APP News--During the European session on Wednesday (May 14), the US dollar index (DXY) fell to 100.58 during the session, down 0.40%. Previously, investors readjusted their expectations for Fed policy due to lower-than-expected inflation data and easing trade tensions. This decline deepened the two-day pullback trend starting from the 101.302 resistance level and the downward 50-day moving average of 101.900. Market momentum shows that the US dollar index may test the next technical target, near the short-term 50% retracement level of 99.391. The CPI data was lower than expected, rekindling the Fed's easing expectations. The April Consumer Price Index (CPI) released on Tuesday rose only 0.2%, lower than 0.3%, strengthening the market's expectations for the Fed's interest rate cut. Currently, the annual CPI is 2.3%, lower than expected 2.https://www.avaforexcn.com4%, while the core inflation rate is stable at 2.8%. The weak inflation data triggered a full-scale sell-off of the dollar, with the euro rising 0.33% to $1.1222, the pound rising 0.24% to $1.3335, and the dollar fell 0.96% to 146.04 against the yen. Jane Foley of Rabobank pointed out that after the April tariff announcement, the dollar performed more like a "risk asset", contrary to its typical safe-haven role. Treasury yields continue to rise slightly despite weak inflation, while CPI data is lower than expected, Treasury yieldsThe slight rise still shows that investors are skeptical about how fast inflation can support the Fed's sharp interest rate cut. The 10-year Treasury yield remained around 4.505%, while the 2-year Treasury yield rose 1.5 basis points to 4.032%. DeutscheBank analysts said inflationary pressures related to tariffs have not yet appeared, with the April data impact moderate. They expect a more significant impact on consumer prices by June, especially as recent trade agreements and 90-day tariff suspensions delayed inflation effects. South Korea
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