USD bounces after a string of losses, the MSCI All Country World Index surged to a record high, and global bond yields are drifting higher, BBH's FX analysts report.
Positive US Dollar (USD) sentiment seen so far in July (which largely reflects short-covering demand after the USD’s rapid slide in the first half of the year) may be stalling out, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
The US Dollar (USD) is trading on a slightly softer footing on Tuesday as investors brace for the closely watched US Consumer Price Index (CPI) release. With market participants repositioning ahead of key inflation data, the Greenback is struggling to hold onto its previous day's gains.