Posted 12/18/2023, 2:09:14 PM
US Dollar Mixed After Fed Remarks; Key Data and ECB Comments Ahead
- US Dollar starts the week mixed after comments from Chicago Fed member about "risk on" market reaction
- Traders selling US Dollar on back of remarks from Goolsbee, though US Dollar Index recovered a bit on Friday
- Market calendar light early week before important GDP and inflation data later
- ECB members repeating no rate cuts in 2024 despite business deterioration
- Technical analysis shows US Dollar Index could drop below 100 on weekly chart if 104 level rejects again