💵🔻Dollar Posts Worst Week Since May: Cable FX Macro

• The dollar recorded the worst week since May after falling 1.0%. Our Cable FX Macro Dollar Index tracks the greenback across the G10

• So far this year, we have seen 9 weeks with moves above/below the +/- 1% band, most of these instances have been gains. This is not surprising given the thin ranges across G10 currencies

• The high-beta group recorded the most gains against the dollar this week, the AUD rose 1.5%

• The market digested soft ISM figures, a rise in the unemployment rate, contracting factory orders, and an uptick in jobless claims