USD Index regains the smile near 103.50 – by pabspiovano DollarIndex Currencies Majors
US yields trade without clear direction so far on Wednesday., regains some composure and revisits the 102.50/60 area on Wednesday.The current bullish attempt comes after two consecutive daily declines and on the back of the tepid knee-jerk in the risk complex as well as the lack of direction surrounding US yields.
In the US data space, weekly MBA Mortgage Applications are due seconded by Pending Home Sales and the weekly report on US crude oil inventories by the EIA.The index picks up some pace and retakes the mid-102.00s amidst some correction in the risk complex on Wednesday. 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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