USD Index could slip towards 101.90/102.00 – Scotiabank

The USD is a little softer overall on the session so far. Economists at Scotiabank analyze Dollar’s outlook.

Markets lack motivation ahead of US CPI

There is little to suggest FX markets are doing anything different from the trading patterns seen so far this week – idling ahead of Thursday’s US CPI data.

Short-term DXY technical trading patterns suggest a softer USD undertone overall on the day so far which may mean more USD drift in the short run and some slippage in the DXY to the lower end of its post-NFP trading range (near 101.90/102.00).