EURUSD bears move in at key resistance, 1.0270 is key – by fx_ross EURUSD Fed Currencies DollarIndex
US Dollar bulls are moving in on hawkish Fed prospects. is battling back, down some 0.5% still, however, having fallen from a high of 1.0406 to a low of 1.0305. US Treasury yields increased on Thursday as investors bet on a relatively hawkish Federal Reserve.
DXY, which measures the currency against six major peers, was recently up 0.50% at 106.81 in midday trade. The index has traveled between a range of 106.098 and 107.240 on the day. However, the index remains in bearish territories while below 107.00. After hitting a 20-year high in late September the index had lost more than 8% when it touched its most recent intraday low on Tuesday.shows the price below a key trendline and within an M-formation. The correction is underway, however.
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