US Dollar Weekly Forecast: Sticky Inflation, Weaker Jobs, and Hopes of Peace
Geopolitical developments remain the main driver for the US dollar this week, alongside sticky inflation data and a softening labour market.
DXY
The geopolitical landscape has remained the almost exclusive driver of sentiment in global markets, and the US dollar is no exception.
Sticky inflation readings and weaker-than-expected jobs data have added to the mix, creating a balancing act for the greenback.
Hopes of peace in various conflict zones are reducing the dollar's safe-haven appeal, while persistent price pressures keep the Fed’s hawkishness in play.
These conflicting forces are likely to keep the dollar range-bound in the near term.
Source: FXStreet Forex News