US Dollar Index waiting for inflation data, with PPI releasing Tuesday and CPI Wednesday.

From Investing.com: 2025-01-14 07:18:00

The US Dollar Index (DXY) is waiting for US inflation data, with PPI releasing on Tuesday and CPI on Wednesday. Tariff rumors have caused a pause in the Dollar’s rise, with support at 109.57 and resistance at 110.00. A break above 110.00 could signal a move towards 111.00. A proposal to gradually increase tariffs to combat inflation is being discussed by Trump’s economic advisers. PPI and CPI data for December will be released this week, with PPI data expected to show signs of price pressures. A slightly milder CPI print may provide resistance to the Dollar rally. Technical analysis shows the DXY resting on support at 109.57, with a break lower likely to bring the ascending trendline into play. A move above 110.00 could signal a run towards 111.00.



Read more at Investing.com: US Inflation: PPI, CPI Release Dates, DXY Analysis and Market Impact