USD Index appears slightly bid above 102.00 ahead of US PCE – by pabspiovano DollarIndex Currencies Majors Inflation
Another visit to the 2023 low near 101.90 remains on the cards., which tracks the greenback vs. a bundle of its main competitors, navigates a narrow range just above the 102.00 mark at the beginning of the week.The index attempts a mild rebound following Thursday’s marked pullback and the earlier drop to the boundaries of the 102.00 neighbourhood, as the appetite for the risk complex appears to be taking a breather ahead of the opening bell in Euroland on Friday.
Interest session in the US docket, as inflation figures tracked by the PCE are due seconded by Personal Income, Personal Spending and the final readings of the Michigan Consumer Sentiment.The index remains well under pressure and keeps putting the 102.00 region to the test at the end of the week. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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