The US Dollar (USD) trades overall marginally higher against most major pairs on Thursday, with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, bouncing back above 106.
The US Dollar trades mildly positive against most major currencies. With Thanksgiving and Black Friday ahead, US trading activity and volumes will be subdued. The US Dollar Index trades back above 106.00 after a brief excursion found support below the level on Wednesday. The US Dollar trades overall marginally higher against most major pairs on Thursday, with the US Dollar Index , which gauges the Greenback’s value against six major currencies, bouncing back above 106.
A touch lower, the pivotal 105.53 should avoid any downturns towards 104.00. Should the DXY fall all the way towards 104.00, the big figure and the 200-day Simple Moving Average at 104.02 should catch any falling knife formation. US Dollar Index: Daily Chart US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes.
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