USD Index appears firm above 104.00, or multi-week highs – by pabspiovano DollarIndex Currencies Majors
US yields climb to fresh highs following data, hawkish Fedspeak.The greenback pushes higher and prints fresh 6-week tops north of the 104.00 hurdle when gauged by theThe index extends the weekly recovery and climbs to 6-week peaks past the 104.00 barrier on Friday, as investors continue to assess the recent firmer results from the US docket and hawkish Fedspeak.L.Mester and St.Louis Fed J.
The probable pivot/impasse in the Fed’s normalization process narrative is expected to remain in the centre of the debate along with the hawkish message from Fed speakers, all after US inflation figures for the month of January showed consumer prices are still elevated, the labour market remains tight and the economy maintains its resilience.: Rising conviction of a soft landing of the US economy. Slower pace of interest rate hikes by the Federal Reserve vs.
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