USD Index extends the recovery to 102.60 ahead of data, Fedspeak – by pabspiovano DollarIndex Currencies Majors
US markets return to normal activity following Monday’s holiday.The greenback advances further and reaches new 3-day peaks around 102.60 when tracked by theThe index remains optimistic during the first half of the week, maintaining its upward trend for the third consecutive session. This persistent strength is attributed to the ongoing fluctuations in the risk market.
In terms of US data, the focus will be on Housing Starts and Building Permits, accompanied by speeches from St. Louis Fed member J. Bullard, who holds voting rights in 2025 and leans hawkish, and NY Fed member J. Williams, a permanent voter with centrist tendencies.The greenback maintains alive the rebound from last week’s lows around the 102.00 neighbourhood for yet another session on Tuesday.
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