USD Index looks firm, regains 107.00 and above ahead of Fed’s Brainard – by pabspiovano DollarIndex Currencies Majors
US yields tread water amidst a generalized absence of direction., which tracks the greenback vs. a bundle of its main competitors, keeps the bid tone unchanged following the opening bell in Wall St. on Monday.The index regains some poise after the sharp decline seen in the second half of the last week, which was particularly sparked in response to lower-than-expected US inflation figures for the month of October and rising speculation of a Fed’s pivot in its policy.
Nothing in the US docket on Monday should leave Fed Brainard’s discussion on the “Economic Outlook” as the main event later in the session.The index attempts a moderate bounce past the 107.00 yardstick and partially leaves behind the post-CPI bearish move to the 106.30/25 band on Monday. 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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