The greenback, in terms of the USD Index (DXY), adds to the ongoing rally and surpasses the 106.00 hurdle to print new 2023 peaks on turnaround Tuesda
Powell – PCE, Core PCE, Personal Income, Personal Spending, Advanced Goods Trade Balance, Final Michigan Consumer Sentiment .Persevering debate over a soft or hard landing for the US economy. Incipient speculation of rate cuts in early 2024. Geopolitical effervescence vs. Russia and China.Now, the index is up 0.22% at 106.18 and a breakout of 107.19 would open the door to 107.99 and finally 113.14 . On the other hand, initial support emerges at 104.42 ahead of 103.06 and then 102.93 .
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