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Renewed Euro Weakness Boost USD Index Ahead of Wednesday's FOMC

LATAM
  • The recent weakness in the Euro is contributing to the 0.6% rise in the USD index, which now resides at the best levels of the week. Despite the firmer price action for the greenback, the DXY still sits within Friday’s intra-day range with 107.35 the nearest resistance of note for the index.
  • Some second tier US data highlights the docket on Tuesday in the form of consumer confidence and the Richmond manufacturing index. Focus remains firmly on Wednesday’s Federal Reserve decision and press conference.
  • ECB's de Cos is scheduled to speak on inflation at 1800BST/1300ET.

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