Jump to content

US Dollar (DXY) Outlook – Fed Chair Powell, US Inflation Data and NFPs All Near

Recommended Posts


  • US Dollar respects support but remains weak.
  • Fed chair Powell will speak on inflation and the jobs market.

US Dollar (DXY) Outlook – Fed Chair Powell, US Inflation Data and NFPs All  Near

US Federal Reserve chair Jerome Powell is set to give a speech at the Brookings Institute on Wednesday titled Economic Outlook, Inflation, and the Labor Market. The speech to the non-profit think tank comes just before the release of the latest US inflation and jobs data that will go a long way to decide the outcome of the mid-December FOMC policy decision. If Powell uses tomorrow’s platform to reaffirm that US interest rates will need to remain elevated for longer to counter stubbornly high inflation, the greenback will likely reverse its recent sell-off and push higher again. Recent hawkish speak from the Fed board member James Bullard – ‘we’ve got a ways to go to get restrictive on policy’ – may be the start of a central bank pushback against market expectations of looser monetary conditions in 2023.

The latest US consumer confidence reading is published at 15:00 GMT today, ahead of a cluster of high-importance data releases scheduled for the rest of the week.



For all market-moving data releases and economic events see the real-time DailyFX Calendar.


What is your view on the US Dollar – bullish or bearish?




Nov 29, 2022 | DailyFX
Nick Cawley, Senior Strategist

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
  • Create New...