US Dollar Index struggles to cheer hawkish Fedspeak amid slowdown fears – by anilpanchal7 DollarIndex RiskAppetite Fed Recession Macroeconomics
Mostly dull US data renews recession fears, hawkish Fed talks fail to lift the DXY.US Dollar Index
That said, the US Unemployment Claims dropped to the lowest levels since late April 2022, to 190K for the week ended on January 13 versus 214K expected and 205K prior. Further, the Philadelphia Fed Manufacturing Survey Index improved to -8.9 for January compared to -11.0 market forecasts and -13.7 previous readings. However, US Building Permits eased in December to 1.33M MoM versus 1.37M consensus and 1.351M prior while the Housing Starts also dropped to 1.382M during the stated month from 1.
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