The index remains under pressure and continues to fade Monday’s uptick, this time putting the 102.00 zone to the test ahead of the publication of key US inflation figures for the month of March due later in the NA session.
In the meantime, US yields extend further the gradual recovery seen as of late against the backdrop of increasing speculation of another 25 bps rate hike by the Federal Reserve at the May 3 gathering.
Other than the release of the inflation readings, investors will closely follow the publication of the FOMC Minutes of the March meeting, while MBA Mortgage Applications will also complete the calendar on Wednesday.
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