Window for Dollar gains open until clearer evidence of economic weakness – MUFG – Crypto News – Crypto News
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US Dollar Index to skyrocket towards 121 on a breach of July 14 high near 109.30 – BBH US Dollar Index to skyrocket towards 121 on a breach of July 14 high near 109.30 – BBH

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Window for Dollar gains open until clearer evidence of economic weakness – MUFG – Crypto News

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Economists at MUFG Bank analyze USD outlook in a week of a heavy schedule of macro events. 

Nonfarm Payrolls will be key

The refunding announcement, the communication from Fed Chair Powell at the FOMC press conference and the US jobs data on Friday will be the three key events for the UST bond market. 

The inability of the US Dollar to strengthen further of late is telling but we still see the window for Dollar gains as open until we see clearer evidence in official data of economic weakness – so in that sense, the NFP as always will be key.

 

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