US Dollar Index shows steady momentum, holds above 106.00. Investors will eye bond auctions in the US as increased supply may fuel a hike in US yields. Along with mid-tier reports, the week’s highlight will be March’s Personal Consumption Expenditures data. The US Dollar Index is mildly edging higher on Monday, currently trading at 106.20. The Greenback’s strength is driven by robust domestic economic and persistent inflation pressures, which fuels a more hawkish stance by the Federal Reserve .
Coinciding with the neutral RSI, the Moving Average Convergence Divergence presenting flat green bars signals a sustained but flat buying momentum. Despite the occasional downturns, the prevalent green histogram highlights bulls’ resilience. US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »