Natixis: Dollar Outlook Appears Increasingly Data-dependent

Analysts at Natixis said in a note that a string of well-performing macro indicators and hints from Federal Reserve Chairman Jerome Powell that interest rates could rise further had boosted the dollar recently.
This will leave the dollar’s trajectory dependent on future performance of U.S. macroeconomic indicators such as ISM manufacturing, employment and wages, analysts said in the bank’s weekly outlook report.
They expect EUR/USD to trade in the 1.08-1.10 range for now.