The DXY perked up slightly in N.Y. trade on Wednesday, though aside from USD-CAD, which slipped to trend lows, most major USD pairings ended the session largely unchanged. After losing ground late last week, the Greenback has steadied inside of relatively narrow trading bands, with the market appearing to be uncertain on general direction going forward. Improving vaccine rollout may ultimately improve the USD’s fortune as the economy opens faster, though massive stimulus, while a boost for the economy, will ramp up inflation concerns, perhaps ultimately weighing on the Dollar.
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