❗️🔻Dollar Index Posts A Two Sigma Day: Cable FX Macro
- Rosbel Durán
- Jul 12, 2023
- 1 min read
Our own measure of the dollar vs G10 peers, the Cable FX Macro Dollar Index, is set to post a daily loss of 2.0% after U.S. CPI data showed prices cooling more than expected
Gains on the day are led by European currencies, the Swedish krone is higher by 2.7%, the Swiss franc is up by 1.4%, the euro gains 1.2%
The weakness is translated to the largest downside move since November. The <.RDDXY> is set to post a downside two-sigma day from its one-year average, this is the first since early January
So far this year, our dollar measure has recorded four days in which moves were larger than two-standard deviations from its daily return average
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