US Dollar Index
Publish Date : 2019/10/28 - 08:15

The US Dollar Index is looking to extends the recent positive momentum near the key barrier at 98.00 the figure.

The index is trading in the area of 2-week highs just below the 98.00 mark at the beginning of the week, coincident with the key 100-day SMA (97.82) and a Fibo retracement of the 2017-2018 drop (97.87).

In the meantime, DXY remains vigilant on developments from the Brexit process, while the renewed weakness around EUR post-ECB and lack of further progress after the ‘Phase 1’ agreement between the US and China continues to bolster the upbeat mood in the buck.

Source: FXstreet

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