The US Dollar Index is Testing 97.00 Before US Data

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.