Forex Markets Brace for 104.0 US Confidence Reading as DXY Holds Near 105.80

6 articles · Updated · bitcoinworld.co.in · May 25

The Conference Board’s April consumer confidence reading is due at 14:00 GMT, with economists expecting 104.0 versus 104.7 in March as forex trading stays subdued.
DXY is hovering near 105.80 because traders are balancing softer confidence risks against signs of geopolitical easing that have improved risk appetite.
A weak print could drag DXY below 105.50 and revive demand for the dollar and yen, while a stronger result may send it toward 106.20 and pressure gold.
Risk-sensitive currencies have drawn modest support, with AUD and NZD firmer, while the yen remains under mild pressure and EUR/USD trades near 1.0850 after better euro-zone PMI data.
Beyond the data, policy divergence still underpins the medium-term outlook: the Fed remains cautious on rate cuts while the ECB has signaled a possible June cut.

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