Week Ahead: U.S. PCE Deflator, EMU CPI, China PMI, OPEC+, And COP28

Avalon_Studio The dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis led the move, appreciating by about 0.55%-1.40% against the US dollar. The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most of last week consolidating after its recent losses were extended at the start of the week. Still, our review of the technical condition warns that the US dollar’s pullback appears to be entering its final stages, with retracement targets being met and momentum indicators stretched. In terms of high-frequency…