Dollar tends to stay elevated during August trading. An average of our own measure of the greenback, the Cable FX Macro Dollar Index, has seen gains of 1.1% by end of month
Over the last six years, the <.RDDXY> has posted gains half of the times during the month, one occasion was recorded flat, while 2020 and 2017 posted declines
2022 saw our dollar gauge outperform, the index rose 3.4% 20-days following Aug 1st
We recommend tracking volatility during the month, this might help measure the dollar's run. Also, U.S. rates trading has been driving dollar performance over the last couple of weeks. U.S. July CPI data is the next major risk event ahead
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