USD INDEX CLIMBS TO FRESH TWO-MONTH HIGHS PAST 104.00 AHEAD OF POWELL
The index surpasses the 104.00 hurdle to print new highs.
Chair Powell will speak later at the Jackson Hole Symposium.
Final Michigan Consumer Sentiment takes centre stage in the US docket.
The greenback gathers extra steam and surpasses the 104.00 barrier to print new multi-week peaks when tracked by the USD Index (DXY) at the end of the week.
USD Index looks at Powell, data
The index adds to Thursday’s gains and surpasses the 104.00 hurdle for the first time since early June amidst rising cautiousness ahead of the speech by Chief J. Powell at the Jackson Hole Symposium later in the European afternoon.
The move higher in the dollar also appears bolstered by the equally robust performance of US yields across different maturities, which at the same time look supported by rising speculation that the Fed might hike rates at some point by year end.
Other that Powell’s speech, the US calendar will show the final print of the Michigan Consumer Sentiment for the current month
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