- US Dollar up against most pairs with the Greenback in demand on Monday.
- Slow start of the week with some minor data points coming out.
- The US Dollar Index consolidates above 102 and flirts with more upside potential.
The US Dollar (USD) reboots its firm rally that started mid-July after hitting a curb on Friday with a mixed US jobs report. Market participants perceived the US jobs report as a sign that a pause is due for the Federal Reserve (Fed), pricing out a rate hike for the last quarter of 2023. As the dust settles, traders are back buying the Greenback as risk of sticky or higher US inflation could still be at hand.
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