US Dollar Index probes session lows near 98.00 By pabspiovano DollarIndex Currencies Majors
The index extends the leg lower to 5-session lows on Thursday and pokes with the 98.00 mark in a context still favourable to the riskier assets, which are in turn propped up by hopes of an end to the Russian invasion of Ukraine.
remains propped up by the current elevated inflation narrative, the Fed’s lift-off and the solid performance of the US economy.: Building Permits, Housing Starts, Philly Fed Index, Initial Claims, Industrial Production – CB Leading Index, Existing Home Sales .: Escalating geopolitical effervescence vs. Russia and China. Fed’s rate path this year. US-China trade conflict. Futures of Biden’s Build Back Better plan.Now, the index is losing 0.28% at 98.12 and a break above 99.
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