Another strong week for the Greenback left risk-sensitive assets on the defensive, with the central bank's policy divergence narrative remaining the key driver behind the robust advance of the US Dollar.
Another strong week for the Greenback left risk-sensitive assets on the defensive, with the central bank's policy divergence narrative remaining the key driver behind the robust advance of the US Dollar. The Greenback regained further traction and propelled the USD Index to fresh seven-week highs just pips short of the 106.00 hurdle.
The UK final Q1 GDP Growth Rate takes centre stage on June 28. There was no respite to the upside bias in USD/JPY, which advanced to seven-week highs north of the 159.00 barrier as investors continued to assess a dovish BoJ and the Dollar’s rally. The BoJ Summary of Opinions is due on June 24, ahead of the final Coincident Index and the Leading Economic Index on June 25.
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