USD Index gives away some gains around 103.40 – by pabspiovano DollarIndex Currencies Majors
Cautiousness is expected to increase ahead of CPI, Fed.The greenback, when measured by theUSD Index focuses on key data, FOMC
The daily pullback in spot so far contrasts with the small uptick in US yields across the curve, while expectations of apause at the June 14 meeting appear firmer and a 25 bps rate hike in July looks favoured for the time being. In the meantime, bets of another 25 bps at the Fed’s next gathering in June reversed course in spite of the steady resilience of key USBolstering a pause by the Fed instead appears to be the extra tightening of credit conditions in response to uncertainty surrounding the US banking sector.: Monthly Budget Statement – Inflation Rate – MBA Mortgage Applications, Producer Prices, FOMC
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