The US Dollar Index (DXY) is climbing, reaching 103.36 and
showing a 0.55% increase on Thursday.
This upward movement is driven by strong
Producer Price Index (PPI) data, which has triggered a rise in US Treasury
yields. However, enthusiasm waned slightly due to Retail Sales and Jobless
Claims figures falling short of expectations.
Despite persistent inflation in the US, expectations for the
Federal Reserve's (Fed) easing strategy remain unchanged.
Market sentiment
points towards anticipated rate cuts starting in June. Now, focus shifts to the
revised Dot Plot expected at the upcoming March meeting to gain further insight
into the Fed's position.
