US Dollar Index: DXY rebound appears elusive amid mixed signals, banking turmoil, inflation eyed

US Dollar Index: DXY rebound appears elusive amid mixed signals, banking turmoil, inflation eyed – by anilpanchal7 DollarIndex Fed RiskAppetite Inflation Banks

’s gauge versus six major currencies struggles to cheer upbeat inflation signals and the market’s indecision amid a light calendar and mixed sentiment.

That said, US Wholesale Inventories eased to 0.0% in March versus 0.1% expected and prior.

Amid these plays, Wall Street closed mixed while the benchmark US 10-year Treasury bond yields rose in the last three consecutive days to 3.50%. Moving on, a light calendar requires DXY traders to keep their eyes on the risk catalysts for clear directions.

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