- DXY holds mild gains at 93.00.
- US politics, fiscal stimulus bill & US politics in focus.
- IMF/World Bank Annual Meeting due later
US Dollar picks up slightly at the start of the week trading around daily highs of 93.10/15.
Politics & risk trends to drive USD
Momentum builds for US Dollar index as the week kicks off and it trades above the 93.00
Uncertainty surrounding the US elections in under a month and amid continued discussions over US fiscal stimulus the greenback is pushing higher, after Friday’s sharp pullback..
The US economic calendar is quiet. , IMF/World Bank Virtual Annual Meeting could garner some attention. Looking across the week, CPI figures on Tuesday, the Fed’s Beige Book on Wednesday, Initial Jobless Claims and the Philly Fed index on Thursday, Retail Sales and U-Mich consumer confidence index on Friday.