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Dollar Rebound Set to Extend Amid Fed Speakers, China Tensions

  • Fed officials may reinforce higher for longer rates theme: BBH
  • Bearish greenback positions look stretched, Maybank’s Lim says

Three straight days of gains are giving hope to embattled dollar bulls who are looking to a slew of Federal Reserve speakers and rising US-China tensions to extend a nascent rebound.

The Bloomberg Dollar Spot Index rose 0.2% on Monday, putting the greenback on track for a gain of nearly 2% over the three sessions through Monday. Most of the greenback’s advance came Friday after a red-hot jobs report fueled bets of more Fed rate hikes to combat surging inflation.