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The U.S. Dollar index (DXY) is in a precarious place ahead of the highly anticipated non-farms payroll print tomorrow.
Technically, the DXY is budding up against descending trend resistance created when the greenback was able to carve out a multi-year high of 100.39 in March. After a series of lower-lows and lower-highs, traders have been able to create a slight comeback on the ongoing rhetoric of a few Fed presidents.
Supportive comments from Dennis Lockhart (Fed-Atlanta) and James Bullard (F…
Technically, the DXY is budding up against descending trend resistance created when the greenback was able to carve out a multi-year high of 100.39 in March. After a series of lower-lows and lower-highs, traders have been able to create a slight comeback on the ongoing rhetoric of a few Fed presidents.
Supportive comments from Dennis Lockhart (Fed-Atlanta) and James Bullard (F…