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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
All News-
Dollar pushes higher into the 4pm London Fix- EUR/USD sets fresh session low
The dollar is making further headway now this afternoon. The EUR/USD has just now hit a fresh session low at 1.0967 and the USD/JPY has just lifted to...
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Early rotation favours tech as Nasdaq 100 outperforms
The US stock markets have not long reopened for live trading and the early moves have factored the Nasdaq 100 at the expense of the Dow Jones. The Dow...
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Brent crude continues to back away today
Since the last update here earlier this morning there has been no further traction for the Oil markets. In fact the price of Brent crude for December...
