US Dollar Index reverses the downside and clinches new highs near 108.60 – by pabspiovano DollarIndex Currencies Majors
Eminent issues on the back boiler
: Hard/soft/softish? landing of the US economy. Escalating geopolitical effervescence vs. Russia and China. Fed’s more aggressive rate path this year and 2023. US-China trade conflict. Future of Biden’s Build Back Better plan.Now, the index is up 0.22% at 108.40 and a break above 108.58 would expose 108.74 and then 109.00 . On the flip side, the next support aligns at 103.67 seconded by 103.41 and finally 101.29 .
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