The cascade of record highs on US indices (3 in a row on the S&P500 and Nasdaq-100, 2 for the Dow Jones (on February 7 and 2)) is not rekindling appetite for the Dollar, while Wall Street seems to be exerting an irresistible attraction on capital in circulation.
We have just experienced a second ultra-quiet session in a row on the FOREX, with the Dollar losing the (symbolic) 0.05% gained the previous day, at around 104.06... and the week also ends on a near-status quo, with Monday's fine gains having been totally wiped out on Tuesday and Wednesday.

The Dollar eroded 0.1% against the Euro (which ended the week at 1.0785) and also lost 0.1% against the Pound, against the Swiss Franc, but ended stable (with a spread of less than 0.03%) against the Yen (which had plunged -0.75% the previous day) and then against the Canadian Dollar.

No figures were released in the US on Friday, and the absence of a market mover has been felt for the past 48 hours.
Next week will be richer in 'stats', with CPI and household confidence indicators (growth relies mainly on a sustained pace of consumer spending).

The week just ended has revealed major disparities in global growth, with the US economy showing insolent health, far ahead of Europe (in recession) and China seeing its growth contract despite a series of announcements aimed at boosting credit and financial markets (and in particular the Chinese stock markets).
It's worth noting that Chinese markets will be closed all next week for the Golden Week celebrations and the changeover to the 'Year of the Dragon': the Yuan was quoted at $7.12/$ on Friday, and remains firmly anchored by the PBOC within a 7.09/7.20 corridor against the Dollar.

As a result, it's not even certain that the FED will 'pivot' next May if the labor market remains at its zenith (with wage rises in sight) and inflation resurfaces, after having eased at the end of 2023, thanks to very positive 'base effects'.

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