USD Index breaks below 106.00 to clinch new multi-session lows

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USD Index breaks below 106.00 to clinch new multi-session lows – by pabspiovano DollarIndex Currencies Majors

US markets will be closed due to the Thanksgiving Day holiday.The greenback loses ground for the third session in a row and breaks below the 106.00 support when gauged by theThe index trades in multi-day lows in the sub-106.00 zone amidst the tenacious improvement in the risk-associated universe and already approaches the November low near 105.30, just ahead of the critical 200-day SMA, today at 105.27.

It is worth recalling, however, that FOMC members still see the ultimate level of the interest rates higher than previously thought.The dollar extends the pronounced drop from Monday’s peaks around the108.00 barrier and already trades in the area below the 106.

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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