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U.S. Dollar Index Futures (DX) Analysis - Brexit Optimism, Strong Sterling Weighing on Dollar Index

From fxempire.com

The U.S. Dollar is trading slightly lower against a basket of major currencies after posting a wicked two-sided trade early Tuesday. The early session rally was fueled by increasing demand for risky assets as U.S. Treasury yields rose and equity markets soared on the back of upbeat comments over Brexit and better-than-expected U.S. earnings reports. At 16:11 GMT, December U.S. Dollar Index futures are trading 98.015, down 0.155 or -0.16%. The upbeat comments over Brexit, however, were a double-sided sword, however, with a surge in the British Pound helping to drive the index lower. The Euro also inched higher against ... (full story)

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  • Category: Technical Analysis