US Dollar Index to rally towards the 107 mark – Westpac DollarIndex Fed Banks
The US Dollar Index surged above the 105 level. Economists at Westpac expect DXY to race higher towards 107.“An aggressively risk-averse climate, on the heels of another strong CPI and record low consumer sentiment reading late last week, should see the DXY continuing its ascent.”
“DXY is breaking out sooner than expected but we wouldn’t fight this move, especially into this week’s FOMC. Chair Powell and the FOMC will surely stick to their resolutely hawkish stance.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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