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DXY. Price Analysis. Forecast. Bulls on the DXY Take Some Profits
The US Dollar Index (DXY), which
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The US Dollar Index (DXY), which tracks the US currency versus a basket of other major currencies, eased slightly after reaching a late-July high. Nevertheless, the index remains above the psychologically important 100.00 mark. Several factors, however, set the stage for buyers to step in and accumulate on dips.Federal Reserve Chair Kevin Warsh's comments on inflation helped temper the recent sell-off in fixed-income markets, leading to a moderate retreat in US yields and prompting dollar bulls to take some profits.
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