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Dollar index comes off the boil as US stocks attempt to iron out a direction

So, now that all components of the US stock markets are fully up and running, the dollar has just come back from its earlier session highs. The GBP/USD is back above 1.26 now, from an earlier low at 1.2572. So, as you can see the price fell close to its 200 day moving average, but it was not really put to the test. The USD/JPY is off the boil too and looks like it might have done enough on the topside for the time being, after stalling just short of 149.50. That has allowed the EUR/USD to rebound back into mid range too, curriery trading at around 1.0765, from an earlier low at 1.0742. The upshot of all these moves has served to push the USD index (USDX) back down, from an earlier high at 104.43, close to 104.25 
 

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