malaymail.com 03 May, 2021 10:00 am

Dollar steadies as traders brace for more US data

Dollar steadies as traders brace for more US data
LONDON, May 3 — The dollar levelled out after its recent bounce today as investors made a cautious start to a week crammed with central bank meetings and big-ticket US economic data, waiting for clues on the global inflation outlook and policymakers’ responses. Trade was thinned by holidays in...

The index dropped 2 per cent through April as a positive view of global recovery prospects lifted trade-exposed currencies at the dollar’s expense, but bounced with upbeat US consumption data on Friday.“We remain bearish USD linked to peak US exceptionalism, and a broadening global recovery elsewhere,” said CitiFX analysts Ebrahim Rahbari and Calvin Tse in a note to clients.LONDON, May 3 — The dollar levelled out after its recent bounce today as investors made a cautious start to a week crammed with central bank meetings and big-ticket US economic data, waiting for clues on the global inflation outlook and policymakers’ responses.Central bank policy meetings are also scheduled this week in Australia, Britain and Norway.

7718 to trade around its 20-day moving average, while the kiwi edged 0.7171, also just above its 20-day moving average.

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