US Dollar Index: DXY stays pressured around 103.00 as US debt ceiling talks, Fed Minutes loom

US Dollar Index: DXY stays pressured around 103.00 as US debt ceiling talks, Fed Minutes loom – by anilpanchal7 DollarIndex RiskAppetite Fed FiscalPolicy Politics

US Dollar Index keeps Friday’s pullback from two-month high, stays pressured around intraday low of late.

US PMIs, Fed’s favorite inflation gauge, FOMC Minutes will decorate calendar, US efforts to avoid default are the key. Among the latest negative for the DXY is the US policymaker’s inability to offer a debt ceiling deal, as well as mixed comments from the Federal Reserve officials. Elsewhere, Federal Reserve Chairman Jerome Powell highlighted inflation fears on Friday but also stated that the recent banking crisis, which led to tighter credit standards, has eased the pressure to hike interest rates. The same weighed on the hawkishIt should be noted that the market’s bets of a 0.

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