US Dollar Index: DXY licks its wounds at five-week low above 102.00 amid mixed Fed, macro catalysts – by anilpanchal7 DollarIndex Fed RiskAversion China PMI
currencies justifies the market’s lack of interest due to the Juneteenth holiday in the US. Also allowing the DXY to pare the latest losses could be the hawkishconcerns. However, the mixed US data and comparatively hawkish European Central Bank moves keep US Dollar bears hopeful.
It should be noted that Richmond Fed President Thomas Barkin said, “Raising rates further could create the risk of a more significant slowdown in the economy.” The policymaker, however, also added that the Fed can do comfortable more to slow the resilient US economy, which in turn triggered a jump in the 2-year Treasury bond yields to 4.75% and helped the US Dollar to get off the lows.
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