USD Index remains on the defensive near 109.50, focus on data, elections – by pabspiovano DollarIndex Currencies Majors
Republicans lead the race to the Senate by a marginal gap., which gauges the greenback vs. a bundle of its main rivals, extends the decline and revisits the 109.50/40 band on Wednesday.consecutive session and navigates an area las seen back in mid-September around 109.50, always against the backdrop of rising prudence ahead of the publication of US inflation figures and persistent appetite for the risk complex.
The downtick in the dollar, in addition, comes in tandem with the lack of traction in US yields across the curve., the weekly Mortgage Applications gauged by MBA are due along with Wholesale Inventories and speeches by NY Fed J.Williams and Richmond Fed T.Barkin .The dollar remains under heavy pressure amidst persistent risk-on mood and the continuation of the repricing of a Fed’s pivot in the relatively short term.
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