-
U.S. Dollar Index (DX) Futures – Big Challenge for Short-Sellers at 92.510 – 92.475
The U.S. Dollar finished lower against a basket of its peers on Monday, after a triple blow of retreating yields, soft U.S. economic data and a dip in safe-haven demand exerted broad selling pressure. The session started with the dollar capped by a delay in the review of the U.S.-China trade deal this week, which reduced the greenback’s appeal as a safe-haven asset. The news left the agreement standing and reinforced a belief that the trade relationship can hold even amidst conflict on multiple other fronts. On Monday, September U.S. Dollar Index futures settled at 92.847, down 0.238 or -0.25%. Meanwhile, a fresh ... (full story)