USD/CAD on course to snap a four-day losing streak ahead of US inflation data. Will US Inflation provide fresh impetus for the DXY with another increase or is a drop on the cards?
US inflation data backed up the Fed rhetoric of higher for longer but a potential rate hike at the November meeting remains a mystery. In the words of Policymakers more data will be needed to gauge progress ahead of next month's FOMC meeting.
USD/JPY Struggles for conviction ahead of the Fed Minutes release and US CPI tomorrow. The GBP has found legs on the back of hawkish comments from MPC member Katherine Mann. A return to the YTD High on the cards?
The pound trades on the backfoot as safe haven demand sees the USD bid as tensions in the Middle East rise. UK GDP and US CPI inf focus later this week.