The US Dollar Index (DXY) stands at 106.10, showing mild gains.
The DXY Index is recording mild gains, hitting a high since early November at 106.1. Investors are focusing on Fed Chair Powell's hawkish stance and US Treasury yields at multi-month highs. The Fed’s Beige books, set to be released later in the session, will be closely watched. The US Dollar Index stands at 106.10, showing mild gains.
This suggests a positive medium to long-term outlook, with the bulls defending their ground despite the technical indicators pointing toward a short-term bearish influence. US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes.
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