 Dollar is largely in a state of consolidation today, except with a minor uptick observed against Swiss Franc. In the absence of significant economic data from the US, market participants are poised to gauge the sentiment from forthcoming comments by Fed officials. However, the broader market dynamics, particularly the interplay with other financial markets, could play a more pivotal role in shaping the greenback's next. 10-year yield, nearing the upper echelon of its near-term range at 4.2%, might begin to taper off, while the stock markets are teetering on the edge of a mild pullback after struggling to sustain their record runs. These factors of countering forces could keep trading in Dollar sluggish for a while... |
