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U.S. Dollar Index (DX) Futures Closing Price Reversal Bottom Forms on Close Over 90.215
The U.S. Dollar is inching a little higher against a basket of major currencies early Monday after touching its lowest level since February 13 as investors continue to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data later this week. At 02:06 GMT, June U.S. Dollar Index futures are trading 90.250, up 0.034 or +0.04%. chart The main trend is down according to the daily swing chart. It was reaffirmed earlier in the session when sellers took out Friday low. A trade through 91.435 will change the main trend to up. The short-term range is 89.655 to 93.470. ... (full story)
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