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💵🔺 Dollar Rises For 4th Consecutive Week: Cable FX Macro

  • Our own measure of the dollar against G10 peers rose 1.9% to post its fourth consecutive week of gains, this was the best weekly performance since late May

  • Price action in the dollar showed dip buying after U.S. inflation data showed prices rising in line with estimates. The advance extended on producer prices rising above economists' forecasts

  • All G10FX is showing declines to the greenback month-to-date, the losses are led by antipodes and scandies as NZD/USD is down 3.9%. The euro and the franc stand relatively better, down 0.7% to the dollar

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