The US Dollar Index (DXY) paused its upward push, consolidating near the 102.50–103 corridor ahead of crucial US Consumer Price Index (CPI) and retail sales reports. While rising Treasury yields and elevated energy prices offered near-term support for the greenback, foreign exchange desks pulled back on aggressive bets amid split market expectations over whether the Federal Reserve will hold terminal rates higher into year-end. All eyes now turn to incoming core inflation prints to dictate whether the dollar breaks out or faces a sharp pullback.
Please follow and like us:
