US Dollar Index regains 107.00 as Fedspeak underpins firmer yields, focus on US PPI, Retail Sales – by anilpanchal7 DollarIndex RiskAppetite Fed China Macroeconomics
Fed policymakers highlight pivot talks, inflation concerns to favor the DXY.Buyers could cheer hopes of firmer rate hike, indecision over inflation concerns ahead of the key US statistics.Index remains indecisive while struggling to extend the previous day’s U-turn from the lowest levels since mid-August, taking rounds to 106.95 during Tuesday’s Asian session.
Elsewhere, an absence of positive headlines from the first face-to-face meeting between US President Joe Biden and his Chinese counterpart Xi Jinping weighs on the market sentiment. On the same line could be the recently firmer Covid numbers from the dragon nation as Guangzhou reports 5,124 new local Covid-19 cases as of 00:00 November 15, 2022. With this, the daily numbers turn out to be double what they were over the weekend.
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