DOLLAR INDEX
U.S. Dollar Index is trading below the minor resistance level of $99.15, and prices are likely to move sideways between the support level of $97.15 and the aforementioned minor resistance level.
|
Support |
97.15 | 95.85 | – |
| Resistance | 99.15 | 100 |
– |
The U.S. Dollar Index witnessed notable fluctuations, initially declining at the start of the session as investors awaited key U.S. economic data, before rebounding later, supported by expectations of a continued tight monetary policy.
These movements came alongside a rise in U.S. Treasury yields and a decline in major currencies against the dollar, which strengthened the greenback as the U.S. session approached.
Market attention is now turning to upcoming economic data that may determine the index’s next direction.
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