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💵🔻Dollar Reverses Gains, Down 0.3% On Week: Cable FX Macro

Writer's picture: Rosbel DuránRosbel Durán
  • The dollar extended last week's gains into Monday to reverse by Tuesday's session close. Yields retreated on Tuesday after a two-day rise, lower rates, and a light docket capped the USD upside

  • The <.RDDXY> Cable FX Macro Dollar Index finished 0.3% lower on the week. Our measure of the dollar against G10 currencies has not seen losses greater than 0.5% since late December

  • Heavy trading followed as the BLS inflation revisions for Q4 were released on Friday session

  • G10FX saw mixed trading as the kiwi and scandies led gains, and the franc and the yen underperformed. NZD/USD rose 1.4% this week, and USD/CHF finished 0.9% higher



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