Forecasting the upcoming week: Fed, BoE and BoJ headline a central bank triple-header
The US Dollar Index (DXY) closes the week near the 99.00 zone, little changed on the day and holding the ground it clawed back after a brief wobble on Thursday's US inflation release.
The week concludes with the Federal Reserve, Bank of England, and Bank of Japan meeting, marking a central bank triple-header. The US Dollar Index (DXY) remains steady near the 99.00 level, having recovered from a brief dip following the release of US inflation data on Thursday. Although the greenback shows a bullish trend, it has yet to convert this into a decisive breakout. The upcoming week presents an important opportunity to assess whether a hawkish rates story can translate into a significant market move.
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