The US Dollar (USD) keeps churning higher this week after having a small and brief retreat on Monday. The biggest catalyst for this recovery is the bo
The Greenback rallies for a third straight day this week. US yields continue to increase, nearing the 5% threshold again. The US Dollar Index edges up after breaking back above 106.00. nd market. Still, all eyes will be across the Atlantic on Thursday with the European Central Bank set to issue its latest monetary policy decision, which possibly is going to trigger further US Dollar strength.
US Dollar Index technical analysis: All hail king Dollar The US Dollar is climbing the ladder again after being in the gutter at the start of the week. The Greenback is on its way back to its throne as the DXY US Dollar Index is shooting higher and might even stretch further. Risk element hanging over a possible implosion of the DXY hangs in the balance, with the US 10-year yield flirting again with 5%. The DXY has consolidated above 106.00 and looks to keep stretching higher.
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