US DOLLAR SEES SOME LIGHT AHEAD OF CPI DATA
- Investors await US inflation data to shape their expectation of easing cycle pace.
- The consensus sees the easing cycle initiation from June after mixed NFP data on Friday.
- The US won’t release any relevant reports in Monday's session.
The US Dollar Index (DXY) is trading at 102.80 with mild gains in Monday’s session. Despite Powell's dovish tone and mixed employment figures, the Federal Reserve's (Fed) future stance on easing interest rates is expected to be influenced largely by US inflation data scheduled for release on Tuesday.
The US labor market saw a mixed performance in February. Despite the Unemployment Rate increasing, earnings figures mildly eased, while the job creation pace accelerated. Easing expectations didn’t see major changes, and the consensus still expects the first cut from the Fed in June.
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