Read more
5:10 PM · 29 June 2023

USDIDX highest in a fortnight!

The US Dollar Index (USDIDX) came out today at its highest levels in a fortnight. The broad-market appreciation of the world's reserve currency was directly attributable to incoming macro data from the US today, namely a higher-than-consensus reading for US GDP (2.0%; expected: 1.4%; prior: 1.3%) and private consumption (4.2%; expected: 3.8%; prior: 3.8%). These data, combined with lower unemployment claims (239,000; expected: 265,000; prior: 265,000), laid a very strong foundation for a narrative supporting further US rate rises. 

As Jerome Powell said at an international conference in Sintra, Portugal, these hikes are expected by most Fed bankers to be two more, which was not in line with market predictions.

The USDIDX index price is currently testing the resistance set by the 100-day exponential moving average (purple curve on the chart). Source: xStation 5

19 May 2026, 8:39 AM

Economic Calendar: UK Unemployment on the Rise – How Will the Bank of England React? (19.05.2026)

19 May 2026, 7:24 AM

Morning Wrap: Markets Do Not Believe Trump's Announcements (19.05.2026)

18 May 2026, 8:22 AM

What to expect from economic data and corporate earnings this week ❓

18 May 2026, 6:33 AM

Morning Wrap (18.05.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits