The greenback seems to be facing soe headwinds after two daily advances in a row and retreats to the 104.70 zone when tracked by the USD Index (DXY) o
US Producer Prices, Retail Sales, Claims come next in the docket.The greenback seems to be facing soe headwinds after two daily advances in a row and retreats to the 104.70 zone when tracked by theThe index trades within a cautious tone following failed attempts to retest or surpass the 105.00 hurdle in the last couple of sessions.
In the meantime, support for the dollar keeps coming from the good health of the US economy, despite the narrative around the tighter-for-longer stance from the Federal Reserve now looks somewhat diminished amidst the current backdrop of persistent disinflation and cooling of the labour market.Retail Sales, Initial Jobless Claims, Producer Prices, Business Inventories – Industrial Production, Advanced Michigan Consumer Sentiment .Persevering debate over a soft or hard landing for the US economy.
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