- The USD Index (DXY) closed another week of gains. - The Department of Labor (DoL) revised the December CPI.
- The USD Index closed another week of gains. - The Department of Labor revised the December CPI. - Investors see the Fed cutting its interest rates in May. - Markets’ attention now shifts to the US CPI in January. Despite Friday’s inconclusive price action, the Greenback managed to print its fourth consecutive week in the positive territory, including a new yearly high past the 104.00 barrier when measured by the USD Index .
Meanwhile, the current resilience of the US economy bolstered the latest comments from Federal Reserve Chair Jerome Powell after he almost completely discarded a rate cut in March, at the time when he suggested that more confidence is needed to embark on a new easing cycle.
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