The US dollar index (DXY) rose on Friday as investors remained fearful about the market. The index rose to $92.64 on Friday, which was about 0.35% above the lowest level last week.
US inflation and retail sales ahead
The US dollar index will be in the spotlight this week as investors focus on the upcoming inflation and retail sales numbers that will come out on Tuesday and Thursday.
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Economists polled by Reuters expect that inflation remained steady above the Federal Reserve’s target of 2.0% in August. Precisely, they expect that the headline consumer price index (CPI) rose by 5.3% in August.
While this will be slightly below the previous 5.4%, it will be significantly higher than the Fed’s target of 2.0%. Analysts also expect that the core CPI, which excludes the volatile food and…