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USDINDEX News

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Last Updated Date: 16 July 2021 @ 8:43 AM (UTC)
*Please note that all the dates are in GMT time zone

The Dollar Index, which measures the greenback against a basket of six currencies, was 0.2% higher at 92.603. The index fell as low as 92.272 earlier in the session.

The index has climbed in recent weeks as investors get more sanguine about the outlook for the greenback, driven by an increasingly upbeat assessment of the U.S. economy by the Federal Reserve, which has brought forward the time frame on when it will next raise rates.
 

The market is short term bullish and holds potential for a move to 92.83. Trade is positioned for pressing rallies the next week. Corrective dips and congestion holding 92.34 should quickly return to rallies. Closes under 92.27 and 92.11 are needed for a short term peaking turn for retracement selloffs.
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