The greenback, when tracked by the USD Index (DXY), trades in a vacillating fashion around the 106.20 region on Wednesday. USD Index looks at risk tre
The index navigates a narrow range in the low-106.00s. US yields maintain the corrective move from recent tops. New Home Sales, Mortgage Applications are next on tap. nds, data The index looks to consolidate the strong recovery past the 106.00 hurdle seen in the previous session amidst the so far absence of a clear direction in US yields and alternating risk appetite trends.
What to look for around USD The index clings to the area above the 106.00 hurdle following Tuesday’s pronounced rebound. In the meantime, support for the dollar keeps coming from the good health of the US economy, which at the same time appears underpinned by the renewed tighter-for-longer stance narrative from the Federal Reserve.
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