US Dollar Index regains the smile and climbs to daily highs near 105.70 – by pabspiovano DollarIndex Currencies Majors
The risk aversion prevails in the global markets and bolsters the dollar.The greenback manages to regain some balance and lifts theThe index reverses the earlier drop to the proximity of the 105.00 mark and triggers a corrective upside to daily highs around 105.70 on Tuesday.
Minor releases in the US calendar will include JOLTs Job Openings and the usual weekly report by the API on US crudeThe index seems to have met some decent support near 105.00 so far in the first half of the week, as the re-emergence of some risk aversion underpins the ongoing recovery in the dollar.
Among the positives for the buck still emerge the Fed’s divergence vs. most of its G10 peers in combination with bouts of geopolitical effervescence and occasional re-emergence of risk aversion.: MBA Mortgage Applications, Factory Orders, ISM Non-Manufacturing – Balance of Trade, Initial Claims – Non-Farm Payrolls, Unemployment Rate, Consumer Credit Change .: Hard/soft/softish? landing of the US economy. Escalating geopolitical effervescence vs. Russia and China.
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index: Bears lead the way to the 105.60 region ahead of US ISMThe greenback, in terms of the US Dollar Index (DXY), remains on the defensive and revisits recent lows in the 105.60 region on Monday. US Dollar Inde
Read more »
US Dollar Price Action: USD/JPY, EUR/USD, GBP/USDThe US Dollar continues to falter as yields edge lower, while an extension of the current short-covering in the Japanese Yen also weighs on the greenback. Get your market update from JMcQueenFX here:
Read more »
EUR/USD Outlook – Pressing Higher as the US Dollar Loses Its ShineThe Eurozone economic calendar is fairly light this week leaving the EUR/USD likely to be steered by the US dollar. Get your market update from nickcawley1 here:
Read more »
'Doom loop': The mighty U.S. dollar is leaving a trail of devastation around the globeAnd there\u0027s more to come. Read on
Read more »
Selma Waterworks Awarded $15 Million Dollar Grant - Alabama NewsThe water system in Selma is getting a multi-million dollar upgrade that will remove lead water lines from the system. alnews selma alabamanewsnetwork
Read more »
Family Dollar just recalled hundreds of products - here's the full listFamily Dollar issued a massive recall for hundreds of products from the drugs category after storing them at incorrect temperatures.
Read more »