US Dollar Index struggles to defend the first weekly gain in three ahead of key consumer-centric data

US Dollar Index struggles to defend the first weekly gain in three ahead of key consumer-centric data – by anilpanchal7 DollarIndex RiskAppetite Inflation Fed Currencies

versus the six major currencies braces for the first weekly gain in three ahead of the key US consumer-centric data.

“China wants stabilized relations with the United States in the short term as it faces domestic economic challenges and push back in Asia to its assertive diplomacy, White House Indo-Pacific coordinator Kurt Campbell said on Thursday,” reported Reuters. On the other hand, the benchmark United States 10-year Treasury bond yields recovered from the lowest levels since mid-September but the yield inversion keeps suggesting recession fears and favor the DXY bulls. It should be noted that S&P 500 Futures print mild gains while Wall Street closed positive on Thursday.

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