USD Index wobbles around 102.00, focus remains on FOMC – by pabspiovano DollarIndex Currencies Majors
Markets’ attention remains on the upcoming FOMC event., exchanges gains with losses in the 102.00 neighbourhood at the beginning of the week.The index looks to add to the recovery emerged in the second half of last week and flirts once again with the 102.
On the latter, the tight labour market and the resilience of the economy are also seen supportive of the firm message from the Federal Reserve and the continuation of its hiking cycle., CB Consumer Confidence – MBA Mortgage Applications, ADP Employment Change, Final Manufacturing PMI, ISM Manufacturing, Construction Spending, FOMC Interest Rate Decision – Initial Jobless Claims, Factory Orders – Nonfarm Payrolls, Unemployment Rate, Final Services PMI ISM Non-Manufacturing .
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