US Dollar Likely to Continue Trading Higher This Week – MUFG

The US Dollar Index (DXY) has broken back above the 105.00 level for the first time since mid-November. The economists of MUFG Bank analyze the outlook for the USD.

The Fed could lag behind European central banks in starting to cut rates

Market attention over the next week will be focused on the health of the US labor market, with the latest February JOLTS job openings report released today and the March NFP report on Friday.

Barring a significant slowdown in US job growth, the US dollar is likely to continue trading higher this week to reflect the growing risk of the Fed lagging behind European central banks in the future. time to start cutting rates.

Source: Fx Street

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