The Cable FX Macro Dollar Index traded lower last week. The economic docket received consumer and producer prices, retail sales, weekly jobless claims
G10FX saw gains above 2.0% in the Australian dollar, the euro, and scandies. SEK led the group as it rose by 3.6% on the week. There was relative underperformance from the yen and the loonie
The move lower was mostly isolated to the October CPI data release on Tuesday. Weekly jobless claims failed to sponsor a rebound as the print came in softer than expected
The Cable FX Macro USD Spreads Index, diverged from our spot dollar measure as it pared most of the declines seen following the CPI release
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