Dollar continues paring early-October losses ahead of FOMC minutes, September CPI

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The Dollar index (DXY) continues to pare losses seen earlier this month, as investors await the minutes from the September FOMC meeting as well as the September CPI reading. Unless either the FOMC minutes or the latest US inflation print over the next 24 hours drastically bolsters the case for a more dovish Fed, any DXY moderation this week is expected to be transitory, with the 98.65 and 98.40 support levels in focus over the near-term.

While much has happened on the global stage since the Fed lowered US interest rates by 25-basis points on September 18, investors are still trying to… Read More:

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