USD index gains traction after fading early losses in Asian session
The US dollar index has recovered from Monday's early losses, gaining 0.15% to trade at 106.45 during the Asian trading session. The greenback's resilience comes despite initial weakness, as traders reassess positioning ahead of key European economic data releases. Market participants are closely watching for any shifts in central bank policy expectations, with the Fed's hawkish stance continuing to provide underlying support for the dollar. Technical analysis shows the DXY finding support at the 106.20 level, with immediate resistance at 106.70. The dollar's performance against major pairs remains mixed, with EUR/USD holding steady near 1.0520 while USD/JPY edges higher toward 157.80. Today's European PMI data and upcoming US consumer confidence figures could provide fresh directional cues for dollar pairs.
Related Symbols:
DXY
EURUSD
USDJPY
This is a summary of the original article by forexlive.com. To read the complete article, please visit the source website:
Read Full Article at forexlive.comNews data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
