US Dollar Index slides towards 102.50 as Fed talks appear easy, sentiment improves on banking news – by anilpanchal7 DollarIndex Fed YieldCurve RiskAversion Inflation
akers, during early Tuesday. In doing so, the greenback’s gauge versus the six major currencies drops for the second consecutive day while renewing the intraday low near 102.70 by the press time.
That said, the latest comments from Federal Reserve Governor Philip Jefferson and the US Dollar’s safe-haven demand could be linked to the DXY’s fall, not to forget downbeat US data. “Inflation ‘has started to come down’ with some of that due to tighter monetary policy and some due to other factors such as improving global supply chains,” said Fed’s Jefferson.
Talking about the data, the US Dallas Fed Manufacturing Business Index dropped to -15.7 in March versus -10.9 expected and -13.5 prior.
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