US Dollar Index resumes the downside, keeps the trade below 105.00 By pabspiovano DollarIndex Currencies Majors
US markets are closed due to the Juneteenth holiday on Monday.The greenback gives away part of Friday’s gains and recedes to the 104.30/20 region when tracked by theSellers seem to have regained the upper hand around the greenback and force the index to shed some ground following Friday’s moderate bounce.
The inactivity in the US markets is expected to keep trading conditions flat and volatility in marginal levels on Monday, leaving all the attention to the broad risk appetite trends when it comes to assets price action.space, market participants will closely follow Powell’s Semiannual testimonies on Wednesday and Thursday along with speeches by several FOMC governors throughout the week.The index came under pressure after climbing to new highs around 105.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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