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Dollar index (USDX) reclaims the 106 handle
It has been quite a struggle at times, but this morning the Dollar index (USDX) has once again reclaimed levels above 106.00. The move comes from a further rise in the USD/JPY towards 161.75 and a drop just now below 1.0720 in the EUR/USD. The GBP/USD is lower right now too and that means all three of the leading currencies that make up the dollar index are helping it higher. The most recent high seen on the Index was set on June 26 and June 28, with an interim double top around 106.13 and if that gives way, then we could see more upside in the short term. The high seen so far this morning has been set around 106.05
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