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Dollar index (USDX) rises closer to 107

Updates here last week and again yesterday noted the potential for the Dollar index (USDX) to press on towards the 107 handle. Well, so far today little has changed in that outlook. The Index has now forced its way to a new 2024 high. That comes as the USD/JPY now rises above 154.50 for the first time in 34 years this morning. The EUR/USD is closer to the 1.06 handle right now too and the GBP/USD is still reeling from that really crummy jobs report. So the USD index is now edging towards 106.50 and it goes without saying; that 107 handle is well and truly on the radar now. 
 

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