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Dollar index (USDX) eyeing 103.00 this morning

The noted gains in the US dollar this morning has helped the USD index (USDX), build on the modest rebound seen yesterday and now the index is approaching the 103 handle. It has been a hard fought battle in recent days, but as you can see right now the US currency is on the front foot this morning. The rise in US yields is a key factor behind these fresh gains and so is the downside seen in the global equity markets too. In fact, since my last update here on stocks, the outlook has deteriorated and now the Dow Jones futures have fallen further into the red and that is adding more weight behind the gains in the dollar 

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