USD INDEX APPEARS OFFERED AROUND 102.00 AHEAD OF US CPI, FOMC MINUTES

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  • The index remains on the defensive and hovers around 102.00.
  • Bets on a 25 bps rate raise by the Fed in May remain on the rise.
  • US inflation figures tracked by the CPI will take centre stage.

The greenback, in terms of the USD Index (DXY), adds to Tuesday’s losses and keeps the trade around the 102.00 neighbourhood on Wednesday.


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