The DXY printed fresh 28-month lows of 92.01 in N.Y. trade on Monday. Dollar bears have been the winners of late, following the Fed’s shift in inflation policy, which should keep U.S. rates near zero for the foreseeable future, and keep the USD under pressure. The caveat to that is U.S. data, and the COVID backdrop. Should economic conditions continue to improve, the Greenback may receive a respite. The data slate was light to start the week, though the August Dallas Fed index moved into positive territory.
For more info about this post: