The Greenback kicked off the week on the back foot amidst the generalized better tone in the appetite for the risk-related assets.
Easing inflation figures in China and further stimulus helped with the sentiment amidst rising caution prior to the publication of crucial US inflation data. Here is what you need to know on Tuesday, May 14: The USD Index traded with modest losses, although it managed to keep business above the 105.00 support. On May 14, Producer Prices are due along with the speech by Fed ’s L. Cook and the discussion panel with Chair Powell. EUR/USD reclaimed the area beyond the 1.
The publication of the UK labour market figures and the speech by BoE’s H. Pill are all expected to MY 14. USD/JPY kept its march north in place, advancing to fresh highs past the 156.00 hurdle. The Japanese docket includes the release of Producer Prices on May 14. In line with its risky peers, AUD/USD faded Friday’s pullback and rose beyond the 0.6600 mark, maintaining its trade in the upper end of the monthly range for the time being.
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