💵🔻Dollar Index Posts Worst Week Since July: Cable FX Macro

• The Cable FX Macro Dollar Index traded lower last week. The economic docket received consumer and producer prices, retail sales, weekly jobless claims

• G10FX saw gains above 2.0% in the Australian dollar, the euro, and scandies. SEK led the group as it rose by 3.6% on the week. There was relative underperformance from the yen and the loonie

• The move lower was mostly isolated to the October CPI data release on Tuesday. Weekly jobless claims failed to sponsor a rebound as the print came in softer than expected

• The Cable FX Macro USD Spreads Index, diverged from our spot dollar measure as it pared most of the declines seen following the CPI release