All Eyes on Inflation Data

Fundamental Forecast for the US Dollar: Neutral

  • Fed policymakers will be on the lecture circuit all week long, saturating the economic calendar in a month without a Fed rate decision.
  • No data release matters more this week – and perhaps this month – than the September US consumer price index on Thursday.
  • According to the IG Client Sentiment Index, the US Dollar has a bullish bias heading into the middle of October.

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Oct 10

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US Dollar Week in Review

The US Dollar (via the DXY Index) recouped early-week losses and turned in a positive performance for the first week of October, closing up by +0.51%. The price action was driven by the top three components of the DXY Index, which each moved…

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