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Dollar in the doghouse-check out the Dollar index (USDX) today
The dollar has lost a good deal of ground already this week and even more so when looked at over the past couple of weeks. The USD index (USDX) from levels close to 104.50 right at the beginning of the month, to a low seen earlier today at 101.76. It is not much above that low right now. So, the dollar index has fallen to lows not seen this year and closer and closer to the low seen at the end of 2023. That is when the index based out at 100.61 on December 28 last year. Of course that low ties in with the high seen on the EUR/USD then, at 1.1139. The USD/JPY is helping to prop the index up right now though, but at the same time it could easily remove that support. So, the US currency is in a spot of bother right now and could do with some help, or else the risk seems clear.
Market News
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EUR/USD runs into a seller above 1.14 again
A short while ago the EUR/USD was on the rebound above 1.14. The Euro reached 1.1412. However, more recently it has fallen back quite sharply, towards...
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Dollar index (USDX) still rejecting a rebound back above 100
Yesterday morning the dollar index (USDX) tried to push higher, but once again that push stalled short of the important 100 level. That was the third...
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June Brent crude takes out $65 per barrel in final trading day ahead of expiry
The previous update briefly touched on the price of Brent crude, noting the June contract was falling back close to $65 per barrel. Well, since then...
