The DXY index faces downward pressure as investors await critical US inflation data, with headline CPI projected to hit 3.6% and core monthly metrics expected at 0.2%.
The Dollar Index is experiencing downward pressure as market participants position themselves ahead of the September Consumer Price Index (CPI) release. With headline inflation expected to climb to 3.6% from 3.4%, the market is weighing the potential for continued inflationary pressure against the current bearish sentiment that has pulled the index back from its recent 18-month high.
The headline inflation is forecast to rise to 3.6%.
Core prices are forecast to rise by 0.2% for the month.
The US Dollar Index retreats from 18-month highs as markets brace for Wednesday's September Consumer Price Index release. Economists forecast headline inflation to accelerate to 3.6% from the previous 3.4%, while core price growth is expected to moderate to 0.2% on a monthly basis.
Headline inflation is forecast to rise to 3.6% from 3.4%, while core prices are expected to increase by 0.2% for the month.
The DXY has slipped from an 18-month high, reflecting bearish sentiment as traders position themselves ahead of the CPI release.