USD Index comes under pressure and breaches 106.00 – by pabspiovano DollarIndex Currencies Majors
US yields gives away part of the recent gains on Monday.The greenback starts the week on the defensive and slips back to the area below the 106.00 mark when tracked by theThe index resumes the downside below the 106.00 mark in the wake of the opening bell in the European markets on Monday.
While hawkish Fedspeak maintains the Fed’s pivot narrative in the freezer, upcoming results in US fundamentals would likely play a key role in determining the chances of a slower pace of the Fed’s normalization process in the short term.
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