USD Index regains traction and targets the 105.00 region DollarIndex Currencies Majors
US 2-year yields approach the key 5% level, nearly 6-year tops., manages to regain some balance and advances to the 104.80 region on Thursday.The index keeps the choppy performance well in place so far this week and now looks to revisit the 105.00 neighbourhood on the back of the knee-jerk in the risk-associated universe and the unabated march north in US yields.
In the docket, weekly Initial Claims will be in the limelight seconded by the speech by FOMC C.Waller.The index regains traction after Wednesday’s strong drops to the vicinity of the 104.00 region. The loss of traction in wage inflation – as per the latest US jobs report - however, seems to lend some support to the view that the Fed’s tightening cycle have started to impact on the still robust US labour markets somewhat.Eminent issues on the back boiler
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