DXY: Dollar Index Slow to Start Trading After Jittery Week Rattles Deals, Inflation Data Looms
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The US dollar index was slow to start trading in the new week after wild swings over the past five trading days; it floated unchanged at around 103 to 103.20. Last week, the dollar swung sharply, dropping near its 2024 lows of 102.00 before recovering. The intense unwinding of the 'carry trade' and rotation out of US dollars into Japanese yen drove volatility. Inflation data, including the CPI index due on Wednesday, will show whether consumer inflation eased in July. Analysts expect the first dip under 3.0% year-over-year since April 2021. Traders should prepare for elevated volatility and look for trading opportunities.



https://www.tradingview.com/news/tradingview:1a2f29ec7094b:0-dxy-dollar-index-slow-to-start-trading-after-jittery-week-rattles-deals-inflation-data-looms/