The greenback, in terms of the USD Index (DXY), navigates a tight range just above the 106.00 hurdle on turnaround Tuesday. USD Index looks at risk tr
The index reverses an initial drop to 105.90. The NFIB index, Wholesale Inventories are next on tap in the docket. Fedspeak will take centre stage later in the NA session. ends, Fedspeak The index so far reverses four sessions in a row of losses and hovers around the 106.00 region on the back of a cautious trade among market participants in light of geopolitical concerns and ahead of the release of US inflation figures .
In the docket, the NFIB Business Optimism Index is due in the first turn seconded by Wholesale Inventories along with speeches by Atlanta Fed Raphael Bostic , FOMC Governor Christopher Waller and Minneapolis Fed Neal Kashkari . What to look for around USD The index attempts a rebound after briefly piercing the key 106.00 support earlier on Tuesday’s session.
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