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Published: 15 April 2026,05:46
Daily Market Analysis New
*US dollar declines amid weaker-than-expected inflation data
*PPI miss signals easing inflation pressures despite prior supply risks
*Falling oil prices reduce inflation concerns and Treasury yields
Market Summary:
The US dollar index extended its losses as a combination of softer economic data and easing oil prices reduced inflation concerns and weighed on U.S. Treasury yields.
According to the Bureau of Labor Statistics, the U.S. Producer Price Index (PPI) rose 0.5%, significantly below market expectations of 1.1%. The weaker-than-expected reading suggests that inflation pressures remain contained, despite earlier concerns over supply disruptions driven by geopolitical tensions and rising oil prices.
The data has helped ease market fears of a sustained inflation spike, reinforcing expectations that the Federal Reserve may adopt a more cautious approach toward further monetary tightening. As a result, expectations for aggressive rate hikes have diminished, putting downward pressure on the dollar.
Adding to this trend, oil prices have declined following recent positive developments in U.S.–Iran relations, further reducing inflation risks. The pullback in energy prices has contributed to a drop in U.S. Treasury yields, weakening the yield support that had previously underpinned the dollar.
Overall, the combination of softer inflation data and easing oil prices has shifted market expectations toward a more accommodative policy outlook, leading to continued weakness in the US dollar. Moving forward, market participants will closely monitor both inflation trends and geopolitical developments, as these remain key drivers for the US dollar outlook.
Technical Analysis
The dollar index is trading lower, currently testing the 98.05 support level, which acts as a key near-term floor.
A confirmed break below 98.05 could extend losses toward the next support at 97.35.
However, momentum indicators suggest downside pressure may be easing. The MACD shows diminishing bearish momentum, while the RSI at 34 is approaching oversold territory, indicating a potential short-term technical rebound.
If selling pressure fades, the index may rebound toward the 98.55 resistance level, with further upside toward 99.15 if recovery strengthens.
Resistance Levels: 98.55, 99.15
Support Levels: 98.05, 97.35
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