The US dollar index futures are hovering above 105 mark on Friday morning in Asia as recent data is reducing a near term possibility of a Federal rate cut. Data showed that US consumer prices accelerated for a second straight month in March, defying expectations for a slowdown in price increases. Meanwhile, data on Thursday showed that US producer prices rose less than expected last month. The greenback was also dragged higher by rising US benchmark treasury yields around 4.5%. Currently, DXY futures are quoting at 105.21, up 0.13% on the day. For the week, the DXY futures are set to gain over 1%. Among the basket currencies, EURUSD and GBPUSD are quoting lower by around 0.1% at $1.0736 and $1.2543 respectively.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app