USD Index appears cautious around 104.30 ahead of Powell – by pabspiovano DollarIndex Currencies Majors
: Rising conviction of a soft landing of the US economy. Persistent narrative for a Fed’s tighter-for-longer stance. Terminal rates near 5.5%? Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is losing 0.09% at 104.20 and the breakdown of 104.09 would open the door to 103.45 and finally 102.58 . On the flip side, the next resistance emerges at 105.35 seconded by 105.63 and then 106.56 .
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