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Dollar index (USDX) steadies in European trading

Earlier today, as the EUR/USD lifted to exactly nail its 50 day moving average (1.0888) the dollar index (USDX) came under pressure and that saw it fall further below the 104 handle. The index had closed in the US last night at exactly 104.00. The push higher in the EUR/USD and GBP/USD earlier this morning helped to push the index down to a session low at 103.43. It has steadied now and lifted off that low, but all the time it remains below 104, then further upside will remain in doubt. The high seen much earlier today was set at 103.99. The index is just now trading around 103.70 

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