USD: Lethargic price action to remain in place - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that with no data or key events scheduled on the domestic front, the market will likely continue to take cues from risk market sentiment and events abroad.

Key Quotes

“Fed’s Powell (neutral, voter) will moderate a panel on liquidity, but will refrain from making policy remarks during the blackout period ahead of next week’s FOMC meeting. We expect price action to remain relatively lethargic as Thursday’s ECB meeting will likely prove the next key source of market direction on the global front.”