Free Trial

Dollar Index at Highest Since July Last Year

USD
  • Curve steepening continuing to play out through EUR/USD, with the pair slipping through last week's 1.1433 to extend losses. This puts the pair at the lowest level since mid-2020 and the USD Index at a similar mark.
  • A break below the 1.14 handle exposes losses toward 1.1375 support (1.382 proj of the Jan 6 - Mar 31 - May 25 price swing) as well as 1.1310, the bear channel base drawn off the Jun 1st high.

To read the full story

Close

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.