🔺Dollar Index Rises to Post Best Week Since Early March: Cable FX Macro
- Rosbel Durán
- May 15, 2023
- 1 min read
Our own measure of the dollar vs G10 peers, the <.RDDXY> Cable FX Macro Dollar Index rose by 1.45%, this was the best performance recorded since the week ending in March 10th
A range bound first half of the week was seen heading into the April inflation report, losses were reversed prior to the release and following gains extended after the producer prices release
Not much divergence seen in the G10 as EUR, AUD, NZD and GBP fell vs the dollar by about the same extent, SEK bottomed the group as it declined by 2.06%
So far this year, the Cable FX Macro Dollar Index has posted 9 weekly gains out of the 19 trading weeks
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