USD Index treads water near 110.50 ahead of US CPI – by pabspiovano DollarIndex Currencies Majors
: Inflation Rate, Initial Jobless Claims, Monthly Budget Statement – Preliminary Michigan Consumer Sentiment .: US midterm elections. Hard/soft/softish? landing of the US economy. Prospects for further rate hikes by the Federal Reserve vs. speculation of a recession in the next months. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China persistent trade conflict.Now, the index is advancing 0.08% at 110.53 and faces the next hurdle at 113.14 followed by 113.88 and then 114.76 .
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