US Dollar Index eyes weekly gains below 107.00 on Fed comments, upbeat Treasury yields – by anilpanchal7 DollarIndex YieldCurve Fed RiskAppetite Bonds
Fed policymakers defend hawkish trajectory, pay little heed to recently mixed second-tier data.Risk-off mood, a light calendar can keep buyers hopeful. treads water around 106.70 as it braces for the weekly gain during Friday’s Asian session. That said, the greenback’s gauge versus the six major currencies cheered a recovery in the US Treasury yields amid hawkish comments from the Federal Reserve officials to snap a two-day downtrend on Thursday.
It should be noted that the DXY’s recent sluggishness could be linked to the mixed data on Thursday. However, the firmer prints of the top-tier US Retail Sales and inflation numbers, published earlier, keep the greenback buyers hopeful.Manufacturing Index fell to -19.4 versus -6.2 market forecasts and -8.7 prior. Further, Housing Starts declined by 4.2% MoM in October following September's 1.3% contraction whereas Building Permits fell by 2.4%, compared to a 1.
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