Open Demo Account
Home / Breaking News / The US Dollar Index is Testing 97.00 Before US Data

The US Dollar Index is Testing 97.00 Before US Data

A.F 2 July, 2020 11:26 am Breaking News, Market Update

The US dollar index continues to trade in defensive mode on Thursday. The index fell on data and Risk Trends on Wednesday, as sentiment improved with good news of approaching a vaccine for Covid-19

The better-than-expected US data as ISM Manufacturing rose to 52.6 for the month of June, in line with the recovery in the Markit’s manufacturing PMI to 49.8 for the same period gave some momentum to risk sentiment and sell-off in the buck and all supporting the idea of strong recovery.

Tags

Check Also

Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action

The Japanese Yen came under renewed selling pressure at the start of the week, pushing …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends