-
US Dollar Testing Key Resistance
The US Dollar is stalled at a key resistance level ahead of a slew of incoming data and Fed-speak this week. Looking ahead today, Fed’s Goolsbee and Bowman are due to speak. Both Fed members have been on the hawkish side recently, speaking in favour of further tightening as a result of inflation risks remaining elevated. Last time around, Goolsbee said that further signs of inflation moderating were needed before making a decision in September. With annual CPI seen rising to 3.2% last month from 3% the prior month, it’s clear that inflation is softening though a further hike might still be needed to drive CPI ... (full story)
