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U.S. Dollar Index Futures (DX) - Strengthens Over 97.690, Weakens Under 97.500

From fxempire.com

The U.S. Dollar took a beating against a basket of major currencies on Tuesday with most of the damage inflicted by steep rallies by the safe-haven Japanese Yen and Swiss Franc. The Yen and Franc rallied against the greenback as risk appetite eased after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 U.S. presidential election. On Tuesday, the December U.S. Dollar Index settled at 97.681, down 0.110 or -0.11%. Appetite for risk was also dampened after Trump on Monday said his administration would impose tariffs on metal imports from Argentina and Brazil and likely ... (full story)

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  • Category: Technical Analysis