The greenback extends its march north and reaches new two-month peaks around 103.70 when tracked by the USD Index (DXY). USD Index looks at data, risk
The Dollar remains bid ahead of the Jackson Hole event.The greenback extends its march north and reaches new two-month peaks around 103.70 when tracked by theThe index adds to Tuesday’s recovery and maintains the six-week positive streak well in place so far, although this time amidst some loss of momentum in US yields across the curve.
In the US data space, weekly Mortgage Applications gauged by MBA, advanced Manufacturing and Services PMIs and New Home Sales are all due later in the NA session.The buying interest appears well and sound around the dollar and motivates the index to clinch the 103.80 region for the first time since early June.
Furthermore, the idea that the dollar could face headwinds in response to the data-dependent stance from the 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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