The US dollar index (DXY) retreated sharply on Wednesday and Thursday morning as volatility retreated and as investors waited for the upcoming American inflation data. It is trading at $98.18, which is about 1.30% below the highest level this week. The US declined sharply after it recorded significant gains in the past few days. The decline coincided with a sharp reversal of what has been happening in the market lately. For example, after days of sell-off, American stocks had their best day in months. Crude oil prices dropped sharply although they remain at a multi-year high. The closely watched CBOE volatility index ... (full story)