December 6, 2022

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Dollar Index flat ahead of Powell speaking in US session

1 min read

USD

DXY indecisive ahead of Fed’s chair Powell speaking and on its pivot point for most of the session. Any news on tapering timing could give the USD another lift from here. If he takes a dovish tilt then yesterday”s USD weakness likely to accelerate lower. Expect more indecision in the USD until Powell. 

USD

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