Dollar can keep paring recent gains into Thursday’s pivotal CPI read – ING

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Today, all eyes will be on the USD38 billion 10-year US Treasury auction. Economists at ING analyze how note auctions could impact the US Dollar. 

Treasury auctions in focus

Today’s 10Y US Treasury auction is likely the only real highlight given a very light US calendar and no scheduled Fed speakers. 

Should we see more welcoming signs from today’s Treasury debt sale, the US Dollar can keep paring recent gains into Thursday’s pivotal CPI read.

See: Some scope for the Dollar to advance further from here – MUFG