The greenback, when tracked by the USD Index (DXY), gathers some upside impulse and approaches the key 102.00 region on Monday.
USD Index focuses on risk trends
The index maintains the side-lined trade well in place for yet another session on Monday, this time amidst so far declining US yields and a mild knee-jerk in the risk complex.
In the meantime, investors continue to anticipate a 25 bps rate hike at the Fed’s meeting on May 3, while the likelihood of a pause in the tightening cycle following this meeting seems to be gaining momentum as well.
Later in the NA session, the Chicago Fed National Activity Index will be in the limelight seconded by the Dallas Fed Manufacturing Index.
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