Inflation Data May Revive Rally but SVB Meltdown Poses Risks

US DOLLAR OUTLOOK:The U.S. dollar, as measured by the DXY index, finish the week lower as U.S. Treasury rates take a turn to the downsideBond yields plunge despite solid U.S. labor market data, with the move likely tied to concerns emanating from the financial sector following the collapse of SVBAll eyes on the U.S. inflation report next week. Bias is for an upside surprise

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Most Read: Euro Week Ahead Forecast – Will ECB Hawks Gain the Upper Hand on Rate Hikes?

The U.S. dollar, as measured by the DXY index was on track for a positive week following Powell’s hawkish comments on Tuesday and Wednesday, but a steep decline in Treasury rates on Thursday and Friday turned the tables, leading the currency benchmark to give up gains and end about flat in the five-session span.

Heading into the weekend, government bond yields…

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