The analysts of BBH They point out that the US dollar is trading lower pending Wednesday's inflation data.
The rise of the Dollar should continue this week
“The DXY is trading lower for the second consecutive day near 104.032. The Euro is trading higher near $1.0870, while the British Pound is trading higher near $1.2685. The USD/JPY is trading lower near $151.80, after failing to break above the $152 zone due to continued bullish pressures.”
“The dollar's rally should continue this week due to signs of persistent inflation and robust growth in the US. US data remains mostly firmer and should maintain upward pressure on US yields. We believe that although market easing expectations have already been adjusted somewhat, there is still room. When the market finally capitulates to the Fed, the dollar should continue to gain ground.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
