Our own measure of the dollar, the Cable FX Macro Dollar Index, rose on the week by 0.6%. The advance comes after a prior gain of about 0.7%
While our gauge of the greenback to the G10 turned out positive, trading was mixed among majors.
Commodity currencies (ex-NOK) outperformed, the Australian dollar posted its best week in almost two months at +0.9%, this was closely followed by the Canadian dollar
The sharpest losses were seen in NOK and GBP, the latter turned in another Gilt sensitive week as the front-end of the curve outperfomed
Choppy trading in the dollar index was seen into U.S. CPI data, and strength kicked in after the ECB lifted rates by 25bps. The ECB dovish hike overlapped U.S. producer prices and jobless claims
The Cable FX Macro USD Spreads Index turned out flat on the week after heavy trading seen post U.S. CPI data. Short-term rates came to regain advantage on the ECB policy announcement
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