USD Index bounces off lows near 101.00, focus shifts to ECB, data – by pabspiovano DollarIndex Currencies Majors
: Persistent debate over a soft/hard landing of the US economy. Terminal Interest rate near the peak vs. speculation of rate cuts in 2024. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is gaining 0.02% at 101.24 and a break above 102.80 would open the door to 103.05 and then 103.09 . On the other hand, immediate support aligns at 101.01 prior to 100.78 and finally 100.00 .
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