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US Dollar Still on Bullish Path; Setups on EUR/USD, GBP/USD, USD/JPY, USD/CAD

April 18, 2024

Via: DailyFX

The US dollar, as measured by the DXY index, retreated from multi-month highs on Wednesday, dragged lower by a pullback in Treasury yields. Despite this retracement, the DXY remains biased to the upside, especially after top Fed officials signaled that the U.S. central bank may delay the start of its easing cycle in response to resilient economic data and hotter-than-expected inflation readings in recent months.

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