- The US Dollar holds on to gains for the week.
- Another batch of US inflation data is due.
- The US Dollar Index is expected to steady or advance this Friday.
The US Dollar (USD) digested a firm bearish move on Thursday after markets deemed the latest US Consumer Price Index (CPI) numbers as a clear cut case for the US Federal Reserve (Fed) to keep rates unchanged at its September meeting. The market reaction triggered weakness in the Greenback against all major currencies. As the dust settled, the US Dollar Index (DXY) recouped its losses and closed nearly unchanged, backed by some tail risks on the geopolitical front.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased