USD Index: Bears remain in control around 103.50 – by pabspiovano DollarIndex Currencies Majors
The dollar looks weaker as investors continued to digest NFP figures.The greenback starts the new trading week on the back foot and retreats to the mid-103.00s region when tracked by theThe index sheds ground for the second session in a row and revisits the key contention area around 103.50 amidst increasing investors’ appetite for the risk-associated universe, all ahead of the opening bell in the old continent on Monday.
In fact, traders perceived the latter as a potential factor behind a potential slowdown of future interest rate hikes by the Federal Reserve, triggering a subsequent sharp sell-off in the greenback. 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.: Consumer Credit Change – 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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