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<.RDDXY>:🔺💵Dollar Index Posts Best Week Since Late September: Cable FX Macro

  • Our own dollar index had seen the greenback trading in gains heading into the FOMC event. After Powell's remarks, the index dipped to post marginal losses

  • A rebound came on Friday as we received Non Farm Payrolls and IMS Svcs data. Cable FX Macro Dollar Index ended at weekly highs, up 2.4%

  • As Friday gains extended, on the week, sterling weakness was the biggest contributor to <.RDDXY> gains. The NOK led the G10 lower, while the Swiss franc was the most resilient to dollar strenght



 
 
 

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