The US Dollar eases on concerns that the current elevated position against other peers is unsustainable. Several tailwinds are emerging on the US Dollar from central banks of Europe and Asia. The US Dollar Index deepens losses in its turnaround since Wednesday and snaps below 106.00. The US Dollar Index , which tracks the US Dollar against six major currencies, is facing issues with several parties screaming bloody murder on the stronger Greenback.
US Dollar Index Technical Analysis: Eye on the price The US Dollar Index is facing a sudden pile-up of headlines that goes against any US Dollar strength. That some central banks around the globe are suddenly expressing their disfavour of the strong US Dollar is creating a bit of a knee jerk reaction, with traders taking their profits for now.
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