USD Index remains under pressure in the low-106.00s – by pabspiovano DollarIndex Currencies Majors
Geopolitics-led risk aversion loses steam on Wednesday.The greenback, when gauged by theUSD Index looks at data, geopolitics
Indeed, the dollar resumes the downside after the bout of risk aversion that lifted the index continues to dwindle on Wednesday. In the US docket, Retail Sales will be in the centre of the debate along with MBA Mortgage Applications, Industrial Production, Business Inventories, the NAHB index and TIF Flows.
In the meantime, the greenback is expected to remain under the microscope amidst persistent investors’ repricing of a probable slower pace of the Fed’s rate path in the upcoming months., Industrial Production, Business Inventories, NAHB Index, TIC Flows - Building Permits, Initial Jobless Claims, Housing Starts, Philly Fed Index - CB Leading Index, Existing Home Sales .: US midterm elections. Hard/soft/softish? landing of the US economy.
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