US Dollar Index eyes three-week uptrend as Fed hawks ride on higher inflation expectations – by anilpanchal7 DollarIndex RiskAppetite Fed Inflation China
Fed officials, US Treasury Secretary Yellen highlight strong inflation to defend current policies.Multiple EU statistics, weekly US Jobless Claims may entertain traders. holds onto the previous day’s recovery moves around 103.50 as bulls brace for the third consecutive weekly gains in a row amid hawkish comments from the US policymakers.
Furthermore, New York Federal Reserve President John Williams said that the labor market is still very strong and noted that they have more work to do on rates, adding data will determine the path of rate hikes.
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