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Positive US Data Keep the USD Index (DXY) Pushing Towards 91.00

The US Dollar Index (DXY) retains its bullish bias for the day, after the Fed’s preferred inflation barometer, the Core Personal Consumption Expenditures (PCE) Price Index, came in unchanged at 1.5% in January (annualized). This figure was slightly higher than the 1.4% expected by the markets.  Furthermore, the drop in […]

USD/SEK Rises 1.12% After Poor Swedish GDP Data

The Swedish Krona took a hit this Friday, after a contraction in the Swedish economy in the 4th quarter of 2020. Data from the Statistics Office in Sweden show that Gross Domestic Product (quarterly) fell 0.2% in Q4 2020, compared with a 4.9% increase in Q3 2020. When compared with […]