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It has been a while since the last update here on the Dollar index (USDX). The last update here noted the failure to hold levels above 100 and subsequent to that the index fell to its lowest level since April 2022, when it dropped to 97.92 earlier this week. The rebound since that low has taken it back to 99.93 late on Wednesday evening. The high seen earlier today was set at 99.88 and as you can probably see, both those peaks coincide with the falls in the EUR/USD, close to that 1.13 handle. Technically speaking it does look like the index could be due for a rebound and that rebound would seem likely to extend, if the index can push above 100. Such a move would almost certainly coincide with a break below 1.13 in the EUR/USD, but it does rather depend on the likes of the USD/JPY and GBP/USD, as they are the next two currency pairs that help to make up index has a whole. The USD index low set so far today is at 99.40 and it is right now at 99.62
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