{"id":12984,"date":"2024-05-24T13:00:08","date_gmt":"2024-05-24T10:00:08","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=12984"},"modified":"2024-05-24T13:00:08","modified_gmt":"2024-05-24T10:00:08","slug":"dollar-consolidates-weekly-gains-ahead-of-mid-tier-data","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=12984","title":{"rendered":"Dollar consolidates weekly gains ahead of mid-tier data"},"content":{"rendered":"

<\/p>\n

The US Dollar capitalised on the upbeat PMI data from the US on Thursday, and the USD Index closed the fourth consecutive day in positive territory.<\/p>\n

Durable Goods Orders for April and the revision to the University of Michigan\u2019s Consumer Sentiment Survey for May will be featured in the US economic docket ahead of the weekend.<\/p>\n

The S&P Global Composite PMI\u00a0climbed to 54.4 in May\u2019s flash estimate from 51.3 in April, showing that the business activity continued to expand at an accelerating pace. Manufacturing and Services PMIs improved to 50.9 and 54.8, respectively.<\/p>\n

Following a downward correction seen in late European trading, the USD Index (DXY) regained its traction and climbed above 105.00 for the first time in ten days. Early Friday, the index was holding steady near Thursday\u2019s closing level, while the benchmark 10-year US Treasury bond yield fluctuated below 4.5% after gaining more than 1% on Thursday.<\/p>\n

Japan CPI up<\/strong><\/h4>\n

In Friday Asian trading, the data from Japan showed that the National Consumer Price Index (CPI) rose 2.5% on a yearly basis in April, following the 2.7% growth recorded in March. In the same period, National CPI ex-fresh food rose 2.2%, matching the market expectation.<\/p>\n

USDJPY showed no reaction to this data and extended its sideways grind at around 157.00.<\/p>\n

Reserve Bank of New Zealand (RBNZ) Deputy Governor Hawkesby said on Friday that lowering interest rates was not a part of near-term discussions and that there was a lot of uncertainty about tradable inflation going forward.<\/p>\n

After rising to its highest level in two months above 0.6150 on the RBNZ\u2019s hawkish hold earlier in the week, NZDUSD lost its traction and retreated to the 0.6100 area.<\/p>\n

The UK\u2019s Office for National Statistics reported that Retail Sales declined 2.3% on a monthly basis in April. This reading followed the 0.2% contraction recorded in March and came in much worse than the market expectation for a decrease of 0.4%.<\/p>\n

GBPUSD is under modest bearish pressure after the disappointing data and trades below 1.2700.<\/p>\n

EURUSD registered small losses on Thursday, but managed to hold above 1.0800. The pair fluctuated in a tight range at around 1.0820 in the European morning trading on Friday. Germany\u2019s Destatis confirmed earlier in the day that the real Gross Domestic Product expanded 0.2% on a quarterly basis in the first quarter.<\/p>\n

After suffering heavy losses on Wednesday, Gold extended its slide on Thursday and fell more than 2% on the day. XAUUSD staged a technical correction early Friday and was trading below $2,340.<\/p>\n

(Source: OANDA)<\/p>\n","protected":false},"excerpt":{"rendered":"

The US Dollar strengthened due to upbeat PMI data, with the USD Index closing in positive territory for the fourth consecutive day. The S&P Global Composite PMI showed business activity expanding at an accelerating pace in May. Japan’s National Consumer Price Index rose 2.5% in April. The Reserve Bank of New Zealand stated that lowering interest rates was not being discussed in the near term. UK Retail Sales declined 2.3% in April. Gold fell more than 2% on Thursday.<\/p>\n","protected":false},"author":4,"featured_media":12985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[8625,1902,186,7688,4868,6189,2369,1992,10095,260,2621,6003,1923,600,121,4382,1121,576,53,5098,3767,67,899,1401,2042,11083,387,7776,54,34,388,55,4593,2836,8875,11084,3775,5838,9496,10244,4158,6106,1806,3814,1229,1254,973,494,5265,7850,380,1124,536,2622,2982,18,1303],"class_list":["post-12984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-april","tag-bank","tag-business","tag-business-activity","tag-consumer-price-index","tag-consumer-sentiment","tag-data","tag-decrease","tag-discussions","tag-dollar","tag-dxy","tag-economic-docket","tag-euro-dollar","tag-eurusd","tag-featured","tag-food","tag-gbpusd","tag-germany","tag-gold","tag-governor","tag-growth","tag-inflation","tag-interest","tag-interest-rates","tag-japan","tag-japan-cpi","tag-lost","tag-march","tag-marketpulse","tag-markets","tag-new-zealand","tag-oanda","tag-office","tag-office-for-national-statistics","tag-pmi","tag-pmi-data","tag-pressure","tag-price","tag-quarterly","tag-retail","tag-retail-sales","tag-sales","tag-services","tag-statistics","tag-survey","tag-tradingview","tag-treasury","tag-uk","tag-uncertainty","tag-university","tag-us","tag-us-dollar","tag-us-pmi","tag-usd-index","tag-usdjpy","tag-world","tag-xauusd"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nDollar consolidates weekly gains ahead of mid-tier data<\/title>\n<meta name=\"description\" content=\"business activity. US Dollar, PMI data, USD Index\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar consolidates weekly gains ahead of mid-tier data\" \/>\n<meta property=\"og:description\" content=\"business activity. US Dollar, PMI data, USD Index\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=12984\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-24T10:00:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Financial Mirror\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Financial Mirror\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984\"},\"author\":{\"name\":\"Financial Mirror\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/ea7c7b31097372a2410ae03401fba715\"},\"headline\":\"Dollar consolidates weekly gains ahead of mid-tier data\",\"datePublished\":\"2024-05-24T10:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984\"},\"wordCount\":414,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg\",\"keywords\":[\"April\",\"bank\",\"Business\",\"business activity\",\"Consumer Price Index\",\"consumer sentiment\",\"data\",\"decrease\",\"discussions\",\"Dollar\",\"DXY\",\"economic docket\",\"Euro-dollar\",\"EURUSD\",\"Featured\",\"food\",\"GBPUSD\",\"germany\",\"Gold\",\"governor\",\"growth\",\"inflation\",\"interest\",\"interest rates\",\"japan\",\"Japan CPI\",\"lost\",\"march\",\"MarketPulse\",\"Markets\",\"new zealand\",\"OANDA\",\"Office\",\"Office for National Statistics\",\"PMI\",\"PMI data\",\"pressure\",\"price\",\"quarterly\",\"retail\",\"retail sales\",\"sales\",\"services\",\"statistics\",\"survey\",\"TradingView\",\"Treasury\",\"uk\",\"uncertainty\",\"university\",\"US\",\"US dollar\",\"US PMI\",\"USD Index\",\"USDJPY\",\"World\",\"XAUUSD\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984\",\"name\":\"Dollar consolidates weekly gains ahead of mid-tier data\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg\",\"datePublished\":\"2024-05-24T10:00:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/ea7c7b31097372a2410ae03401fba715\"},\"description\":\"business activity. US Dollar, PMI data, USD Index\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg\",\"width\":1200,\"height\":700,\"caption\":\"Dollar consolidates weekly gains ahead of mid-tier data\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=12984#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dollar consolidates weekly gains ahead of mid-tier data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/ea7c7b31097372a2410ae03401fba715\",\"name\":\"Financial Mirror\",\"sameAs\":[\"https:\\\/\\\/www.financialmirror.com\\\/\"],\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar consolidates weekly gains ahead of mid-tier data","description":"business activity. US Dollar, PMI data, USD Index","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Dollar consolidates weekly gains ahead of mid-tier data","og_description":"business activity. US Dollar, PMI data, USD Index","og_url":"https:\/\/ch.jfdi.cc\/?p=12984","og_site_name":"ch.jfdi.cc","article_published_time":"2024-05-24T10:00:08+00:00","og_image":[{"width":1200,"height":700,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg","type":"image\/jpeg"}],"author":"Financial Mirror","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Financial Mirror","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=12984#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984"},"author":{"name":"Financial Mirror","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/ea7c7b31097372a2410ae03401fba715"},"headline":"Dollar consolidates weekly gains ahead of mid-tier data","datePublished":"2024-05-24T10:00:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984"},"wordCount":414,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg","keywords":["April","bank","Business","business activity","Consumer Price Index","consumer sentiment","data","decrease","discussions","Dollar","DXY","economic docket","Euro-dollar","EURUSD","Featured","food","GBPUSD","germany","Gold","governor","growth","inflation","interest","interest rates","japan","Japan CPI","lost","march","MarketPulse","Markets","new zealand","OANDA","Office","Office for National Statistics","PMI","PMI data","pressure","price","quarterly","retail","retail sales","sales","services","statistics","survey","TradingView","Treasury","uk","uncertainty","university","US","US dollar","US PMI","USD Index","USDJPY","World","XAUUSD"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=12984","url":"https:\/\/ch.jfdi.cc\/?p=12984","name":"Dollar consolidates weekly gains ahead of mid-tier data","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg","datePublished":"2024-05-24T10:00:08+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/ea7c7b31097372a2410ae03401fba715"},"description":"business activity. US Dollar, PMI data, USD Index","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=12984#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=12984"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=12984#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/dollar-consolidates-weekly-gains-ahead-of-mid-tier-data.jpg","width":1200,"height":700,"caption":"Dollar consolidates weekly gains ahead of mid-tier data"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=12984#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Dollar consolidates weekly gains ahead of mid-tier data"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/ea7c7b31097372a2410ae03401fba715","name":"Financial Mirror","sameAs":["https:\/\/www.financialmirror.com\/"],"url":"https:\/\/ch.jfdi.cc\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/12984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12984"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/12984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/12985"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}