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Important US data on the agenda for Dollar index this afternoon ahead of the ECB
As the US clocks have yet to change, the more usual 1.30pm GMT US data releases will come at 12.30pm GMT and that means they will hit the screens some 45 minutes before the ECB policy decision, at 1.15pm GMT. That is certainly going to make life easier for us, not having to try and report everything at once and it could be easier for anyone trading the markets too.
So, at 12.30pm GMT we get a whole host of US reports, covering the usual weekly jobless claims, September and Q3 PCE, PCE prices and GDP and GDP prices. We shall look at that lot in more detail later this morning. Meantime, the Dollar index (USDX) has been on the rebound today.
The index peaked at 102.49 yesterday and later fell back after the Fed and Fed boss comments. The index traded as low as 102.09 ahead of a US close, at 102.15. The range seen so far today has been covered by 102.06 and 102.30. It is currently trading towards the upper end of that, right now at 102.24
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