Pivotal week for 2023 themes to determine Dollar’s fate – ING DollarIndex Fed Inflation Banks
DXY to go into tomorrow's CPI release near its current 105 levels
“Event risks this week will determine whether 2023 starts with a focus on the inflation battle being won and the prospect of stimulative, reflationary policy coming through – a Dollar negative. Or whether sticky inflation ties the hands of central bankers, the US yield curve remains steeply inverted and the Dollar continues to perform well in a challenging risk environment. We do see the latter scenario as more likely, but this week should certainly give one of the scenarios a big lift.
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