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The US dollar index, DXY, which measures the strength of the greenback versus a basket of currencies, lost the upward trend and slid back to 97.00 levels after Wall Street’s opening bell.
The US dollar index maintained gains in the 96.80 region, which is the positive zone, advanced for the first time after two consecutive declines.
However, the progress of the COVID-19 pandemic in the United States in conjunction with new cases in Europe appears to have kept recent flows into safe havens as well as a return of risk aversion and cautious tone among traders.
Markets await IBD / TIPCC index, JOLTs Job Openings and API weekly report for crude supplies. That data comes next to speeches from US federal bank officials.
