Markets remain relatively muted mid-week as investors await the inflation data from the Eurozone.
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The U.S. dollar index edged up on Wednesday after rising 1.4% the previous session.
The U.S. dollar index hovered near a 20-year high, holding near its recent surge.
After dropping 0.44% yesterday, the U.S. dollar index hovered near a 20-year high on Thursday.
The U.S. dollar regained traction on Tuesday after losing more than 1% the previous day as investors anticipated more clarification on the UK's budget plan.
Following slight gains (0.08%) yesterday, the U.S. dollar finds demand among its main competitors as the market enters early European trading on Wednesday.
The U.S. dollar index rose on Monday after rising for three straight sessions (0.46% on Friday), supported by stronger-than-expected U.S. employment data.
Following a small increase the day before (0.09%), the dollar index fell on Thursday morning.
The U.S. dollar Index (DXY) came under bearish pressure and dropped 0.31% for the second day in a row yesterday.
Markets remain cool, with the U.S. dollar index closing 0.38% lower and continuing to extend losses during early hours of Tuesday’s trading session.
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