Dollar Bears Risk Another Knock-Down If U.S. Data Remain Buoyant
- Strong growth, inflation prints may see 3 Fed hikes priced in
- DXY is on the verge of sending strong bullish technical signal
UBS Says Dollar Faces More Challenges Than Euro in Long Term
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As the dollar’s best rally since 2016 pauses amid a lookout for fresh catalysts, key U.S. data due in the coming days will be crucial.
The Federal Reserve’s preferred gauge of inflation, payrolls figures for May, first-quarter growth and personal spending are all among economic reports due next week. Should they support expectations for three more Fed interest-rate increases this year, then the dollar could extend its climb to levels that would force bears to throw in the towel on a technical basis.