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In our April FX podcast, Our Head of FX Strategy presented a case for the broad-based DXY index to eventually fall to the lower end of its 102-104 range in the second quarter. However, things have played out different since, with the index now in a higher 104-107 range. What are the factors at play and will this continue?
FX perspectives: Can The Unexpected Strength In DXY Continue?
Following Trump’s emphatic victory in the US presidential election, the broad-based USD Index (DXY) spiked 1.5% in the immediate aftermath of the result to a 3-month high of 105.25. But was this already priced in? This week, we break down the policies on the table and if the DXY's rally holds.
NOK: The Norges Bank left its policy rate unchanged at a 14-year high of 4.50% at Friday’s interim meeting (no new Monetary Policy Report), as widely expected.