US Dollar Index aims to recapture 104.60 as odds of Fed’s hawkish guidance trim
Downside momentum is indicating that the DXY will re-visit its six-week low at 104.64. The odds of a Fed rate hike will remain steady while the hawkish guidance will trim abruptly. A meaningful decline in the US CPI has underpinned risk-sensitive assets. The US dollar index (DXY) witnessed an intense sell-off on Wednesday after a… Read More »