USD Index treads water around 106.00 ahead of data – by pabspiovano DollarIndex Currencies Majors
US yields look steady around Wednesday’s close across the curve., which gauges the greenback vs. a bundle of its main competitors, alternates gains with losses just above the 106.00 region on Thursday.The index continues to struggle to leave behind the recent weakness and gyrates around the low-106.00s against the backdrop of a mild bias towards the risk-associated universe.
In the meantime, the greenback is expected to remain under the microscope amidst persistent investors’ repricing of a probable slower pace of the Fed’s rate path in the upcoming months.: Building Permits, Initial Jobless Claims, Housing Starts, Philly Fed Index - CB Leading Index, Existing Home Sales .: US midterm elections. Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs. speculation of a recession in the next months. Fed’s pivot.
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