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US dollar index (DXY) prediction ahead of US retail sales data
The US dollar index (DXY) retreated slightly in the overnight session as investors embraced a risk-on sentiment. It is trading at $96, which is about 0.45% below the highest level this week ahead of the upcoming retail sales data. The DXY index has been in a strong bullish trend in the past few days as demand for safe-havens rose. That happened as investors remained concerned about the crisis in Ukraine. On Tuesday, Russia signaled restraint when it announced that some troops would return to their home bases. The announcement by the Russian Defense Ministry happened as Vladimir Putin held a meeting with German ... (full story)