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Weekly Fundamental US Dollar Forecast: Will Inflation Propel US Dollar after the Strong July NFP?
The US Dollar (via the DXY Index) has rallied after the July US nonfarm payrolls report on the back of elevated US Treasury yields and a jump in Fed rate hike odds. Another hot inflation report is expected, and rates markets are starting to move in a manner suggesting that a more hawkish Fed could on the horizon; however, any upcoming change in policy will be limited to tapering asset purchases. According to the IG Client Sentiment Index, the US Dollar has a mixed bias heading into the second week of August.The US Dollar (via the DXY Index) rallied after the July US nonfarm payrolls report on the back of elevated US ... (full story)