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Dollar Index (USDX) extends gains as EUR/USD falls below 1.0600

The dollar has now extended its advance. The USD/JPY has lifted to yet another fresh 2023 high as it climbs above 148.80. The GBP/USD has dropped to just below 1.22 and the EUR/USD has fallen back to below 1.0600 for the first time since March this year. The move lower in the EUR/USD has lifted the USD index (USDX) to a fresh interim high, as it closes in on the March high at 105.88. In fact, the USD index has surpassed that high to post a new 2023 high at 105.95 a short while ago. The EUR/USD has not yet reached its lows and that is because back in March the USD index was held back by the lower USD/JPY. That is not the case now though. The next support level of any note for the EUR/USD from here would be that March 15 low, at 1.0516. The EUR/USD is just now trading at 1.0594

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