- DXY holds gains at 93.20/30.
- Additional fiscal stimulus package optimism eases
- US Core CPI rose 0.2% MoM and 1.7% YoY in September.
The US Dollar Index (DXY), which measures the USD versus its major peers holds 93.00 US Dollar Index unaffected by-US CPI
The index looks to 55-day SMA at 93.30 amid safe haven demand.
News that Johnson & Johnson (NYSE: JNJ) will pause the covid vaccine trial as one participant experienced an unexplained illness has hurt sentiment boosting the buck.
US political uncertainty remains as President Trump resumed his campaign after recovering from COVID-19.
US inflation figures as measured by the CPI revealed consumer prices rose 0.2% MoM September and 1.4% on an annual basis Core inflation increased 0.2% MoM and 1.7% from a year earlier. The NFIB Index rose to 104.0 in September. The IBD/TIPP Index comes up later in the session.
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