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Unicredit does not expect dollar to rise after strong data

Schedule dollar index at intervals of 4 hours

The dollar’s reaction to US economic data this week will depend on the reaction of Treasury yields, Unicredit said.

Noting that the data is expected to show accelerating inflation and an increase in retail sales in March, Unicredit analysts say, “If the new data does not lead to a significant increase in long-term profitability, the dollar is unlikely to show extraordinary growth again.”

Analysts say they do not expect the DXY dollar index to return to 93 or EUR / USD to return below the 1.1850-1.1834 range. The DXY dollar index rose 0.1% to 92.2550, while the euro / dollar fell 0.1% to 1.1889.

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Inflation and retail sales data will be released on Tuesday and Thursday, respectively.

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