USD Index treads water above 103.00 amidst a cautious tone – by pabspiovano DollarIndex Currencies Majors
US yields regain some composure and bounce off recent lows.keeps the inconclusive performance well in place following the opening bell in Wall St. on Tuesday.The index attempts to leave behind part of the recent steep pullback, although the absence of catalysts coupled with rising prudence in light of the release of US inflation figures later in the week keeps the price action subdued for the time being.
Furthermore, the tight labour market, still elevated inflation and the resilient economy are also seen supportive of the firm message from the Federal Reserve and its hiking cycle.: Wholesale Inventories, Fed’s Powell – MBA Mortgage Applications – Inflation Rate, Initial Jobless Claims, Monthly Budget Statement – Flash Michigan Consumer Sentiment .: Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs.
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