USD Index looks offered near 106.00 ahead of key data – by pabspiovano DollarIndex Currencies Majors
Consumer Confidence, House Price Index next on tap., leaves behind part of Monday’s strong advance and retreats to the vicinity of the 106.00 neighbourhood on turnaround Tuesday.The index partially reverses the optimism seen at the beginning of the week and comes under pressure against the backdrop of the generalized upbeat sentiment in the risk-associated universe.
While hawkish Fedspeak maintains the Fed’s pivot narrative in the freezer, upcoming results in US fundamentals would likely play a key role in determining the chances of a slower pace of the Fed’s normalization process in the short term.
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