🎈 Dollar Trades Detached From Growth: Cable FX Macro
- Rosbel Durán
- Jul 27, 2023
- 1 min read
The dollar is paring losses on Thursday session, last up 0.6% on the day, this has sent our own measure of the greenback to trade with gains of 0.5% on the week
Cable FX Macro Dollar index rebounded by 1.2% last week following losses of 4.3%, the sharp drop sent the USD to match YTD lows
Dollar weakness has been held despite economic data outperforming in recent weeks. A measure of surprises in U.S. economic indicators extended upside and is now the second highest in the G10
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