Business

US Dollar Index eases from tops, back around 96.15 ahead of Fed


The Federal Reserve is expected to keep rates on hold today.


US Initial Claims rose at a weekly 214K, in line with estimates.


After a brief test of daily peaks in the 96.20 area, the US Dollar Index ( DXY ) is now coming under some selling pressure and is back around the 96.15/10 band.


The index continues to exchange gains with losses on Thursday amidst the broad-based low volatility in the global markets.


Market participants appear to have already digested the recent US mid-term elections the immediate focus is now back on the Federal Reserve.


In the meantime, the buck should look to the omnipresent US-China trade jitters for direction along with volatile headlines coming from the EU-UK Brexit talks (or lack of them).






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