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Dollar index (USDX) continues to advance above 103.00
Since my last update on the Dollar index (USDX), it has pressed higher above 103 and is just now trading around 103.25. The move higher comes as the USD/JPY makes further progress to fresh 2024 highs above 146.75. The EUR/USD has not managed to bounce either and it is quite close to session lows as I write this update. The USD/CAD has backed off a bit though, after testing the 1.35 handle earlier this morning. I think we can blame the proximity of the latest Canadian inflation data (CPI) for that, which is due very shortly at 1.30pm GMT. The continued gains in the dollar have not been impacted by the rebound in the US equity futures either. There is also some US data due shorty too and that is the latest New York (Empire) Fed index, also due out at 1.30pm GMT
Market News
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