The USD Index (DXY), which tracks the greenback vs. a bundle of its main competitors, resumes the uptrend and revisits the mid-105.00s at the end of t
DXY remains on track to close the 10, which tracks the greenback vs. a bundle of its main competitors, resumes the uptrend and revisits the mid-105.00s at the end of the week.The index resumes the uptrend and sets aside Thursday’s small decline on the back of the resumption of the risk-off sentiment and the continuation of the march north in US yields.
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.Eminent issues on the back boiler: If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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