USD Index to hover around 102.00 into Friday's US NFP report – ING DollarIndex NFP UnitedStates Fed Banks
“Another big drop in short-dated US yields yesterday did not carry the Dollar to a new low. Either short Dollar positioning is too heavy or – as we like to think – investors feel it is too early to default to a 'buy risk, sell Dollars' mentality given what could be further skeletons in the banking closet.”
“Any sharp rise in initial jobless claims could slightly soften the dollar today, plus we will be watching for comments from Fed's James Bullard. Does the Fed need to hike one last time in May?” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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