USD Index starts the week on the defensive below 113.00 – by pabspiovano DollarIndex Currencies Majors
US yields fade part of the recent rebound on Monday.The greenback, in terms of the
Indeed, investors’ bias towards the riskier assets puts the dollar to the test and triggers the corrective move in the index against an unchanged macro scenario, where expectations of a 75 bps rate hike from the Fed at the November 2 meeting remain well anchored.space, the NY Empire State Manufacturing gauge and the Monthly Budget Statement will be in the limelight later in the NA session seconded by short-term bill auctions.
Looking at the more macro scenario, the greenback also appears bolstered by the Fed’s divergence vs. most of its G10 peers in combination with bouts of geopolitical effervescence and occasional re-emergence of: NY Empire State Index, Monthly Budget Statement – Industrial Production, NAHB Housing Market Index, TIC Flows – MBA Mortgage Applications, Building Permits, Housing Starts, Fed Beige Book – Initial Jobless Claims, Philly Fed Index, Existing Home Sales, CB Leading Index .
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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