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DXY Index Sideways Grind Continues ahead of BOE, ECB Tomorrow
The US Dollar (via the DXY Index) has been treading water the past few days, essentially biding time since the start of September: the DXY Index closed at 95.10 on August 31, and at 95.10 is where it opened up today. While traders continue to discuss intense headlines regarding the US-China trade war or emerging market contagion, the fact of the matter is that these issues have made for better headlines than actual market moving events in recent days. As such, attention in the short-term is quickly shifting to the two central bank decisions tomorrow morning from the Bank of England and the European Central Bank (the ... (full story)