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USDINDEX News

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Last Updated Date: 31 August 2021 @ 9:40 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was trading near three-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs figures later this week for clues on stimulus taper timing.

The greenback has been on the back foot since Federal Reserve Chair Jerome Powell's comments at the Jackson Hole conference on Friday that the U.S. central bank could scale back its bond-buying program this year but did not give a firm timeline.


The market posture is negative. The slide back through the 92.47 low reversal leaves trade positioned to continue attacking under 91.80. A close under 91.80 projects to 91.30. Any near term rebounds will find resistance at 92.78. A close over 93.10 is needed to recapture bottoming / bullish trade action.

 
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