USD Index treads water around 102.30 ahead of data, Fedspeak – by pabspiovano DollarIndex Currencies Majors
The dollar meets resistance near the 103.00 mark so far this week., remains under pressure in the lower end of the range near 102.30 on Thursday.The index starts the second half of the week somewhat offered in the low-102.00s following Wednesday’s volatile session, where the dollar climbed to the vicinity of the 103.00 hurdle soon afterwards hawkish remarks from FOMC’s L.Mester and J.Bullard .
Later in the session, Building Permits and Housing Starts are due along with usual weekly Initial Claims as well as the Philly Fed Manufacturing Index.What to look for around USDThe idea of a probable pivot in the Fed’s policy continues to weigh on the greenback and keeps the price action around the DXY depressed.
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