Forex Today: US Dollar consolidates gains, eyes on US April inflation data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
The US Dollar Index, which tracks the US Dollar's performance against a basket of six major currencies, seems to have gone into a consolidation phase after having closed the first two days of the week in positive territory. Although markets stay relatively quiet early Wednesday, April Consumer Price Index data from the US should ramp up volatility in the second half of the day.
said on Wednesday that the BoJ’s ETF buying was helping underpin consumption and capex by preventing volatile market moves from hurting public confidence.edged higher in the second half of the day on Tuesday and closed in positive territory, supported by safe-haven flows. XAU/USD stays relatively calm on Wednesday and moves up and down in a tight channel at around $2,030.struggled to find direction on Tuesday and closed the day virtually unchanged above $27,500.
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