The greenback advanced vs all its major peers to record gains for a seventh consecutive week. Sterling and antipodes underperformed the group, while the Norwegian krone held relative strength.
Dollar strength took the Cable FX Macro Dollar Index to mark fresh YTD highs last week. The index now records an advance of 7.9% in 2024, most of the gains are due to yen weakness.
Skewness point to dollar outperformance, however, traders favour yen topside on the 1m tenor.
Last week docket held consumer prices, producer prices and retail sales
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