USD Index should trade in a narrow 103.30-104.00 range into tomorrow's CPI number – ING DollarIndex CPI Volatility CentralBanks Banks
Low levels of FX volatility will continue to favour carry trade strategies unless we see some major dislocation in the US rates market or some financial system stress re-appear. Against that backdrop, the Dollar should stay reasonably bid and its first major challenge this week will be tomorrow's May US CPI.
DXY should trade in a narrow range into tomorrow's CPI number, with bigger moves coming later in the week when we hear from the Fed, the ECB, and the BoJ.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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