The DXY holds near the monthly low (93.50) as Fed Governor Randal Quarlesanticipates a slow down in economic activity, with the official acknowledgingthat “supply bottlenecks and labor shortages that have been more widespread and persistent than many expected.”
As a result, a slew of mixed data prints may produce headwinds for the Dollar as Durable Goods Orders are expected to fall 0.2% in September, while the GDP report is anticipated to show the growth rate expanding 2.5% after growing 6.7% per annum in the second quarter of 2021.
What do you think about it?
As a result, a slew of mixed data prints may produce headwinds for the Dollar as Durable Goods Orders are expected to fall 0.2% in September, while the GDP report is anticipated to show the growth rate expanding 2.5% after growing 6.7% per annum in the second quarter of 2021.
What do you think about it?
