For the time being the Dollar index stalls at 100.21 again

Earlier today we noted how the dollar index (USDX) had risen back above the 100 handle. The index then moved higher as a result of those earlier Trump comments on Iran and that pushed the EUR/USD down to a fresh session low at 1.1517, following the 0.25% rate increase from the ECB. 

The impact of that was to push the dollar index higher and it matched the high seen earlier in the week, on Monday, when it peaked at 100.214. The high seen this afternoon has been set at 100.218. So for all purposes pretty much exactly matching that prior peak. 

It has since stepped back to below 100.10. Hence, there is a risk of a double top at 100.21 now, but it is way too early to make a judgement call on that today. Elsewhere the US stock markets have been open for around 25 minutes now and the price action has been up and down like a yoyo and at this stage we have nothing more to add on that, until something clearer emerges. We still note the risk (especially on the Nasdaq) of another rally being met with further selling at some point, but we shall see on that. The dollar index is right now at 100.09