US Dollar Index rebounds towards 110.00 with eyes on US Retail Sales – by anilpanchal7 DollarIndex RiskAppetite Fed Inflation Recession
That said, the DXY seems to cheer the hawkish Fed bets and fears surrounding supply-chain disruptions in the US, as well as the EU energy crisis, while recalling the buyers. It should be noted that the previous day’s softer US data appeared to have exerted downside pressure on the US Dollar Index.
On the same line, the 75% chance of the Fed’s 75 basis points rate hike in the next week, as well as the 25% odds favoring the full 100 bps Fed rate lift, as per the CME’s FedWatch Tool, favor the DXY bulls.
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