The greenback, in terms of the USD Index (DXY), regains some balance and revisits the 103.50 region on Thursday. USD Index focuses on Jackson Hole gat
Durable Goods Orders, weekly Claims next on tap in the docket.USD Index focuses on Jackson Hole gathering
The recovery in the buck also comes amidst the so far lack of traction in US yields across the curve, which seems to have tempered the weekly decline somewhat despite the Fed’s tighter-for-longer stance appears to still prevail among market participants.National Activity Index and Durable Goods Orders for the month of July.The index seems to have now moved into a consolidative phase in the upper end of the range and following recent multi-week tops around the 104.00 zone .
Furthermore, the idea that the dollar could face headwinds in response to the data-dependent stance from the Fed against the current backdrop of persistent disinflation and cooling of the labour market appears to be losing traction as of late.Jackson Hole Symposium, Durable Goods Orders, Chicago Fed National Activity Index, Initial Jobless Claims -Persistent debate over a soft or hard landing for the US economy. Incipient speculation of rate cuts in early 2024. Geopolitical effervescence vs.
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