The post US Dollar Index holds onto gains near 98.00 ahead of US flash Q4 GDP, PMI data appeared on BitcoinEthereumNews.com. The US Dollar (USD) shows strength The post US Dollar Index holds onto gains near 98.00 ahead of US flash Q4 GDP, PMI data appeared on BitcoinEthereumNews.com. The US Dollar (USD) shows strength

US Dollar Index holds onto gains near 98.00 ahead of US flash Q4 GDP, PMI data

The US Dollar (USD) shows strength during the early European trading session on Friday, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trading firmly near an almost four-week high of 98.00 posted the previous day.

US Dollar Price This week

The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen.

USDEURGBPJPYCADAUDNZDCHF
USD1.01%1.51%1.69%0.56%0.41%1.30%0.97%
EUR-1.01%0.50%0.69%-0.44%-0.61%0.29%-0.04%
GBP-1.51%-0.50%-0.06%-0.94%-1.09%-0.21%-0.54%
JPY-1.69%-0.69%0.06%-1.10%-1.24%-0.38%-0.66%
CAD-0.56%0.44%0.94%1.10%-0.20%0.74%0.41%
AUD-0.41%0.61%1.09%1.24%0.20%0.91%0.57%
NZD-1.30%-0.29%0.21%0.38%-0.74%-0.91%-0.33%
CHF-0.97%0.04%0.54%0.66%-0.41%-0.57%0.33%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

The US Dollar has been outperforming since the release of the Federal Open Market Committee (FOMC) Minutes of the January policy meeting on Wednesday, which showed that officials are not in a hurry to cut interest rates soon.

Federal Reserve (Fed) officials are not in a rush to ease monetary conditions further as inflationary pressures in the United States (US) have remained above the central bank’s target of 2%.

Theoretically, signals from the Fed holding interest rates steady after executing a monetary-easing cycle are favorable for the US Dollar.

In Friday’s session, major triggers for the US Dollar will be the preliminary Q4 Gross Domestic Product (GDP) and the S&P Global Purchasing Managers’ Index (PMI) data for February, which will be released during North American trading hours.

The US economy is estimated to have expanded at an annualized pace of 3%, slower than 4.4% growth seen in the third quarter of 2025. S&P Global Composite PMI is seen higher from the previous release of 53.0 due to improvement in both manufacturing and the service sector activity.

Economic Indicator

Gross Domestic Product Annualized

The real Gross Domestic Product (GDP) Annualized, released quarterly by the US Bureau of Economic Analysis, measures the value of the final goods and services produced in the United States in a given period of time. Changes in GDP are the most popular indicator of the nation’s overall economic health. The data is expressed at an annualized rate, which means that the rate has been adjusted to reflect the amount GDP would have changed over a year’s time, had it continued to grow at that specific rate. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.


Read more.

Source: https://www.fxstreet.com/news/us-dollar-index-holds-onto-gains-near-9800-ahead-of-us-flash-q4-gdp-pmi-data-202602200615

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0007783
$0.0007783$0.0007783
+13.73%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pi Network (PI) Daily Market Analysis 22 February 2026

Pi Network (PI) Daily Market Analysis 22 February 2026

Pi Network's anniversary update – here's the latest: • Marked 1st mainnet anniversary on 20 February 2026, outlining next phase priorities • Key focuses: expanding
Share
Coinstats2026/02/22 12:24
Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Will the Fed’s first rate cut of 2025 fuel another leg higher for Bitcoin and equities, or does September’s history point to caution? First rate cut of 2025 set against a fragile backdrop The Federal Reserve is widely expected to…
Share
Crypto.news2025/09/18 00:27
Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50