The USD Index (DXY), which tracks the greenback vs. a bundle of its main competitors, adds to the ongoing rally and records new YTD peaks around 106.3
Powell – PCE, Core PCE, Personal Income, Personal Spending, Advanced Goods Trade Balance, Final Michigan Consumer Sentiment .Persevering debate over a soft or hard landing for the US economy. Incipient speculation of rate cuts in early 2024. Geopolitical effervescence vs. Russia and China.Now, the index is up 0.10% at 106.28 and a breakout of 106.32 would open the door to 107.19 and finally 107.99 . On the other hand, initial support emerges at 104.42 ahead of 103.07 and then 102.93 .
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