Entering a consolidative phase? The renewed upside momentum in the Greenback lifted the USD Index (DXY) back above the 105.00 barrier earlier in the week, although that move lacked follow-through as the week drew to a close, leaving the index navigating in the negative zone and fading the positive performance of the previous week.
Entering a consolidative phase? The renewed upside momentum in the Greenback lifted the USD Index back above the 105.00 barrier earlier in the week, although that move lacked follow-through as the week drew to a close, leaving the index navigating in the negative zone and fading the positive performance of the previous week. Focus remains on data and Fed speak The Dollar’s weekly developments transited a bumpy road after collapsing to the 104.
Looking at the broader picture, the overall bullish bias is expected to persist as long as DXY remains above the 200-day SMA at 104.42. Economic Indicator Nonfarm Payrolls The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics . The monthly changes in payrolls can be extremely volatile.
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