DXY index slips below 103.00 as US Producer Price Index figures disappoint.
US economic growth continues to trend upwards, suggesting markets may be overestimating aggressive easing requirements.
CPI is now in focus for a clearer inflation outlook.
On Tuesday, the US Dollar (USD), measured by the US Dollar Index (DXY), showed a mild decline falling under the 103.00 level. This drop followed disappointing Producer Price Index (PPI) figures, which fell short of analysts' estimates.
Based on the entire economic data, the US economy continues to achieve growth above the trend. This suggests that market participants may be overestimating the need for aggressive monetary easing as the Federal Reserve (Fed) may request more data before cutting.
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