US Dollar Faces Mixed Outlook Amid Economic Data and Market Trends
TL;DR Summary
The US dollar is expected to be tested this week as key employment data (JOLTS, claims, payroll) will influence Fed rate cut expectations, with a mildly softer dollar anticipated. Meanwhile, Spain's upgraded credit rating and eurozone CPI data could support the euro, while UK political developments and regional inflation figures in Central and Eastern Europe will also impact currency movements.
- FX Daily: Dollar bears to be stress-tested again this week ING Think
- Dollar set for second straight week of gains after data shows US economic resilience CNBC
- Dollar rises against peers after US economic data Reuters
- USD Extends Pre-Weekend Pullback But May Find Better Bid In North America Seeking Alpha
- US Dollar outlook: Weak hiring trend threatens greenback’s gains FOREX.com
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