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🔺💵Dollar Bounces From Prior Weekly Losses: Cable FX Macro

  • Our measure of the dollar rose on the week to post gains around 0.2%, the Cable FX Macro Dollar Index pared gains after jobless claims data

  • The prior week, <.RDDXY> fell 1.3%, recording the worst 5-day p erformance so far this year. The dollar holds gains vs G10 peers YTD

  • USD trading was mixed as the euro, the loonie, and the kiwi posted gains on the week. The yen was the worst performer, down 1.8% vs the dollar

  • Our measure of short-term dollar spreads rose on the week, the USD spot tracked spreads closely

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