The USD Index (DXY), which gauges the greenback vs. a bundle of its main competitors, runs out of some upside impulse and recedes to the mid-106.00s a
The index meets some initial resistance near 106.90. US yields look poised to rebound following Thursday’s decline. US PCE, Final Consumer Sentiment take centre stage in the docket. t the end of the week. USD Index focuses on data The index reverses three consecutive daily advances and comes under a mild downside pressure after hitting three-week lows near 106.90 in the previous session.
In the US data space, all the attention is expected to be on the release of US inflation figures gauged by the PCE and Core PCE, seconded by Personal Income, Personal Spending and final prints of the Michigan Consumer Sentiment. What to look for around USD The upside momentum in the index seems to have met some initial obstacle just below the 107.00 barrier so far this week.
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