💵🔺 Dollar Rebounds From Prior Week, Rises 0.7%: Cable FX Macro

• The Cable FX Macro Dollar Index <.RDDXY> rebounded from two consecutive weeks of losses, our measure of the dollar rose 0.7% as it pared gains from previous sessions. The index rise was the largest since the week ending in August 18th

• G10FX/USD trading was mixed, the Swiss franc posted relative performance while the Norwegian krone bottomed the group. Euro and sterling finished up, the yen came in flat. Commodity currencies traded lower on the week

• The Cable FX Macro Index extended into YTD highs as yields rose to the highest levels in more than a decade. A consolidation was seen as headed into the Non Farm Payrolls report, the data translated into a stronger dollar, however, we didn't see a follow through and the USD end up paring gains

• There was a bit of a divergence between spot FX and rates, our own measure of dollar rate advantage stayed stronger after the labour report. The Cable FX Macro USD Spreads Index <.RDDXYIR> finished the week higher by 9.65 points