The US Dollar Index (DXY) trades at 104.95 on Monday morning, reflecting some gains.
DXY Index stands positively at 104.95, reflecting a noticeable gain for the day. Investors focus on incoming data amidst speculation of an easing cycle commencing in June. ISM PMI readings from March beat expectations. Markets await Nonfarm Payrolls, Average Hourly Earnings, and Unemployment Rate from March to gauge insights into the economy's health. The US Dollar Index trades at 104.95 on Monday morning, reflecting some gains.
Additionally, the index position above the 20, 100, and 200-day Simple Moving Averages adds arguments for a positive technical outlook for the USD. 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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