The greenback, in terms of the USD Index (DXY), adds to Friday’s decline and revisits the low-105.00s ahead of the opening bell in the old continent o
The FOMC event will take centre stage later in the week., adds to Friday’s decline and revisits the low-105.00s ahead of the opening bell in the old continent on Monday.The index shed ground for the second session in a row following fresh multi-month tops in the 105.40/50 band recorded in the latter part of last week.
In the meantime, support for the dollar keeps coming from the good health of the US economy, which at the same time appears underpinned by the tighter-for-longer stance narrative from the Federal Reserve.NAHB Housing Market Index, Net Long-Term TIC Flows – Building Permits, Housing Starts – MBA Mortgage Applications, Fed interest rate decision, Fed Press Conference - Initial Jobless Claims, Philly Fed Index, CB Leading Index, Existing Home Sales – Flash Manufacturing/Services PMIs .
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