USD Index appears slightly bid near 101.80 ahead of data – by pabspiovano DollarIndex Currencies Majors
The risk aversion looks somewhat mitigated early on Wednesday.The greenback trades with marginal losses near the 101.80 region when tracked by theThe index faces a knee-jerk following Tuesday’s pronounced pullback amidst diminishing risk aversion and some improvement in the risk-linked galaxy.
In the meantime, investors continue to favour a 25 bps rate hike by the Fed at the May 3 event, although the probability of that outcome shrinks a tad to around 75% . Looking at the broader picture, the index continues to navigate in a consolidative phase against steady expectations of another rate increase in May by the Fed.
, Pending Home Sales – PCE/Core PCE, Employment Cost, Personal Income, Personal Spending, Final Michigan Consumer Sentiment .: Persistent debate over a soft/hard landing of the US economy. Terminal Interest rate near the peak vs. speculation of rate cuts in 2024. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is losing 0.09% at 101.75 and the breach of 100.78 would open the door to 100.00 and finally 99.81 .
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