U.S. Dollar IndexShort
Weekly Outlook Aug 19-23 $DXY
DXY still grinding lower. Nothing much has changed since last week. Global PMI data and subsequent labor market data in UK, France, Germany, USA will have an impact on fed cut expectations and by proxy risk assets including the dollar.The Annual Jackson Hole meeting is this week as well. Surely there will be some volatility. My best guess is Powell restating the fact that the fight against inflation is almost over and focus on labor market data will be prioritized going forward to initiate the 'soft landing'
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.