💵🔺Dollar Posts Best Week Since February 2023: Cable FX Macro
- Rosbel Durán
- Oct 4, 2024
- 1 min read
Our measure of the dollar vs G10 peers is rising to record the best week since February 2022, coincidentally, the greenback spiked on a strong jobs report back then
All G10FX components drop by more than 1% to the dollar, except for the CAD. This week's underperformers are a mix of low yielders and high-beta currencies, the yen drops 4.5%
We had previously noted the U.S. macro sentiment leading the group as of our last weekly update. While this indicator is not meant to be used as the only benchmark to currency directions, it led the USD higher and U.S. positive economic momentum extended this week
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