Charu Chanana, head of FX strategy at Saxo Markets, said tha...

Charu Chanana, head of FX strategy at Saxo Markets, said that the focus this week is again on macroeconomic factors. In particular, the US core personal consumption expenditures – widely known as the Federal Reserve’s preferred inflation gauge – is on the radar.

“While a hot print is likely to again question the last mile of the disinflation train, there is little scope for markets to price in any additional hawkishness data or comments,” she said.