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Dollar index hits fresh session highs as Dow drops back below 38k
The Dow Jones did open higher today, at 38,075 and then lifted to a session high at 38,148. However, since the opening around 20 minutes ago the gains have dissipated and now the index has fallen back below 38k and towards 37,975. So as suspected, it did not take long before someone leant into the rally. At the same time the dollar has made progress versus all its major counterparts except the Yen. That has pushed the dollar index (USDX) closer towards the 106 handle again as the EUR/USD just now sets a session low at 1.0680
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The US stock markets have been open for around 25 minutes and all the three major indexes opened lower this afternoon, as priced into the futures...
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Gold approaching $3,200 as dollar slips
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Powell offers few clues but does talk PCE lower- USD/JPY edges backwards
The USD/JPY was falling back after the US data drop, as covered in the previous couple of updates. It has just edged a little lower following comments...
