The dollar has tracked lower, which shouldn’t be too surprising given the prevailing buy-in of the Fed’s transitory narrative on inflation alongside the fact that the U.S. inflation rate is markedly higher versus peers, which imparts (all else equal) a weakening dynamic on the nominal value of the greenback. The DXY USD index breached the […]
The Dollar was broadly lower in N.Y. on Tuesday, leaving the DXY near three-month lows of 89.69. Stalling Treasury yield rises have dented USD sentiment this week, following the spike up seen last week following hot U.S. prices data. The rise in rates, saw the Greenback head higher as well. Data today saw housing starts […]
The dollar has tracked lower, which shouldn’t be too surprising given the prevailing buy-in of the Fed’s transitory narrative on inflation alongside the fact that the U.S. inflation rate is markedly higher versus peers, which imparts (all else equal) a weakening dynamic on the nominal value of the greenback. The DXY USD index breached the […]