USD Index regains some upside traction and approaches 102.00 – by pabspiovano DollarIndex Currencies Majors
US yields remain firm in multi-week levels so far on Wednesday., which tracks the greenback vs. a bundle of its main competitors, manages to reverse Tuesday’s weakness and advances to the proximity of the 102.00 region on Wednesday.The index extends the range bound theme this week near the 102.00 region on the back of alternatingIn the meantime, US yields keep navigating the upper end of the curve and remain propped up by firmer conviction of a 25 bps rate hike by the Fed at the May event.
In favour of a pivot in the Fed’s normalization process, however, still emerges the persevering disinflation, nascent weakness in some keyKey events in the US this 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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