⚠️💵USD Boll Bandwidth Narrows to Lowest In More Than A Year: Cable FX Macro

• We have seen a measure of the dollar against its largest economic partners trade in range as we headed into the FOMC and April Non Farm Payrolls

• The Bloomberg Dollar Index is posting losses early in the month, however, it has not tested April lows

• The range trading has seen the Bollinger bandwidth narrow to the lowest levels since March 2022.