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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