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💵❗️Dollar Index Posts Worst Week Since March 2020: Cable FX Macro

Writer: Rosbel DuránRosbel Durán
  • The Cable FX Macro Dollar Index <.RDDXY> fell by 4.25% on the week, this was its worst 5-day performance since late March 2020

  • Losses came to top the November underperformance, when the October CPI data missed the consensus estimate

  • Dollar downside accelerated after U.S. inflation - showed prices cooling down more than expected. The move took the yen past 140 vs the dollar and the Swiss franc to the highest level since 2015

  • On the week, scandies led gains vs the greenback, the Swedish krona jumped by 5.7%, the franc followed rising by 3.10%. Antipodes diverged marginally as the Aussie rose by 2.2% while the kiwi gained 2.6%. The CAD underperformed peers, rising by only 0.4% vs the dollar, the euro gained 2.4%



 
 

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