USD Index trending towards 92 bouncing off Downward Trending Channel Support Line.
Looking at Fundamentals however, the performance of the USD Index is surprising. Global stocks, crude oil and other risky assets are all bullish, and the latest moves on additional stimulus from US Democrats are all factors that should cause a weakening on the US Dollar.
Perhaps, the stellar ISM Manufacturing Index data and weakness in the Euro, Pound and other currencies that are paired with the greenback may have a hand in the bullishness of the DXY
Looking at Fundamentals however, the performance of the USD Index is surprising. Global stocks, crude oil and other risky assets are all bullish, and the latest moves on additional stimulus from US Democrats are all factors that should cause a weakening on the US Dollar.
Perhaps, the stellar ISM Manufacturing Index data and weakness in the Euro, Pound and other currencies that are paired with the greenback may have a hand in the bullishness of the DXY