US Dollar pulls back after rocky week outlook

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/11/US-dollar-04.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>The dollar index, which measures the US currency against its major peers, was bolstered by the Euro’s decline, marking a 0.33% uptick to 105.95, recovering from an earlier dip to 105.35, the lowest since September 222. On the other hand, the Euro’s performance was not as robust, with a noted rise of only 0.47% to 1.05843.</p>
<p>Jane Foley, the Head of FX Strategy at Rabobank, commented on the economic disparity between the Eurozone and German economies compared to the US. She noted:</p>
<blockquote><p>The lynchpins of the success of Germany’s production sector are now a little bit more wobbly.</p></blockquote>
<p>Foley has previously expressed caution regarding the Euro’s prospects in the past and the challenging and bullish nature of the Euro due to certain economic dynamics.</p>
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<p>The recent movements in the Forex market underscore the sensitivity of currency values to economic indicators and highlight the disparate economic trajectories of the US and the Eurozone.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/data/us-dollar-pulls-back-after-rocky-week-outlook/">US Dollar pulls back after rocky week outlook</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>