The US Dollar Index (DXY) is trading at 102.80 with mild gains in Monday’s session.
Investors await US inflation data to shape their expectation of easing cycle pace. The consensus sees the easing cycle initiation from June after mixed NFP data on Friday. The US won’t release any relevant reports in Monday's session. The US Dollar Index is trading at 102.80 with mild gains in Monday’s session.
Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate. For the biggest central banks like the US Federal Reserve , the European Central Bank or the Bank of England , the mandate is to keep inflation close to 2%.
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