US Dollar Index advances towards 99.00 amid tightening stance from Fed’s policymakers By Sagar_Dua24 DollarIndex InterestRate Fed Technical Analysis PMI
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While the Markit Manufacturing and Services PMI were printed at 58.5 and 58.9 outperformed the market consensus of 56.3 and 56 respectively. The outperformance from economic indicators has underpinned the greenback.Pending Home Sales, Michigan Consumer Sentiment Index, and Fed Governor Christopher Waller’s speech.On an hourly scale, the DXY is approaching towards the upper trendline, which is placed from March 7 high at 99.41 while the lower trendline placed from February 23 low at 95.
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