The Dollar Index (DXY)
Key news events today
Prelim GDP q/q, 12.30pm GMT
What can we expect from DXY today?
Light data releases kept the dollar trading in a range. Focus shifts to the quarter-on-quarter Preliminary GDP to be released today, where the economy is expected to grow to 6.7% (prev. 6.5%). The Jackson Hole symposium would take centre stage thereafter, where traders would be looking for hints of a taper timeline for the Fed’s asset purchases.
Next 24 Hours Bias
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