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USD
The BBDXY moves to the highest level seen since March, supported by a general move lower in benchmark global equity indices.
- Technically, the index extends the recent closing break above the 200-DMA, with clustered horizontal resistance drawn off various March session highs and a Fibonacci retracement of the move from the '22 to the YtD low noted a little further above.
- The 50-DMA remains below both the 100- & 200-DMA, but has turned higher in recent weeks after the BBDXY found a base in July.
Fig. 1: Bloomberg Dollar Index (BBDXY)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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