US Dollar Index Clings to Gains

Tracked by the US Dollar Index, the USD is looking to add gains around the 93.50 area. The index focuses on the expected data, and the index advanced for the second consecutive session on Monday, regaining the middle of 93.00 on caution in global markets.

Investors continue to evaluate the gradual reopening of the economy against a rise in Covid-19 cases, the potential development of the Covid 19 vaccine and the already massive monetary stimulus from the Federal Reserve and many other central banks.

In the US, the ISM Manufacturing is due later in the NA session, then the final print of the Markit’s Manufacturing PMI for the month of July. In addition, St. Louis Fed J. Bullard (2022 voter, dovish) and Chicago Fed C. Evans (2021 voter, centrist) are due to speak