The USD Index (DXY), which gauges the greenback vs. its main rival competitors, faces some downside pressure around recent peaks near 104.30. USD Inde
US markets will be closed on Monday due to Labor Day holiday., which gauges the greenback vs. its main rival competitors, faces some downside pressure around recent peaks near 104.30.The index now comes under some tepid selling pressure following two consecutive daily advances, including a move back above the key 104.00 barrier in the second half of last week., where the US economy created more jobs than initially estimated , although the jobless rate ticked higher to 3.
In the meantime, support for the dollar keeps coming from the good health of the US economy, which seems to have reignited the narrative around the tighter-for-longer stance from the Federal Reserve. 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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