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USD index (USDX) rejects a technically negative daily close
Yesterday, as covered in an update here, the US dollar index (USDX) did briefly dip below its 200 day moving average. The low seen was set at 103.60. That 200 day moving average is in place this morning at 103.74, so it is rising. The dollar later rebounded to close in the US last night at 103.83. It has advanced further this morning and it is right now testing its 100 day moving average. That is in placer at 104.00. This is likely to be a sticky level though and it remains to be seen, if the index can really clear above it. The weakness of the Yen, Euro and Pound this morning are all contributing to the dollar rebounding further so far this morning.
Market News
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