USD Index climbs to fresh tops north of 105.00 ahead of key data – by pabspiovano DollarIndex Currencies Majors
US 2-year yields reach new multi-year peaks past 4.80%., which gauges the greenback vs. a bundle of its main competitors, advances marginally and maintains the multi-session rally well in place for the time being.The index rises for the fifth consecutive session and looks to extend the recent breakout of the key barrier at 105.
In the US data space, all the attention will be on the release of Durable Goods Orders seconded by Pending Home Sales and the speech by FOMC P.Jefferson .The dollar remains bid north of the 105.00 barrier amidst the generalized lack of traction in the risk complex at the beginning of the week. The loss of traction in wage inflation – as per the latest US jobs report - however, seems to lend some support to the view that the Fed’s tightening cycle have started to impact on the still robust US labour markets somewhat.: Durable Goods Orders, Pending Home Sales – Advanced Goods Trade Balance, FHFA House
Now, the index is gaining 0.02% at 105.28 and faces the next hurdle at 105.35 seconded by 105.63 and then 106.48 . On the other hand, the breach of 103.43 would open the door to 102.58 and finally 100.82 .Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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