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Dollar index (USDX) still holding rebound gains above 104 this morning

Yesterday the Dollar index (USDX) came under pressure heading into the final 4pm London fix of the month. The index dropped to a low at 103.65. However, it did not stay down there for very long and rebounded immediately that fix was out of the way. The index rose steeply to back above 104 and later closed out the month above that level, after rising to 104.20 beforehand. The index closed at 104.14. Perhaps importantly, that monthly close was back above its 200 day moving average, in place right now at 103.74. It has backed off a little earlier today, but so far that 104 handle has remained intact. The low so far is set at 104.04. It is just now pushing to session highs above 104.12 
 

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