The US Dollar (USD) is not able to enjoy the US public holiday on Monday. Despite Columbus Day, the Greenback is soaring higher after it gapped up on
The Greenback starts its week on a high note after breaking its weekly winning streak. Traders run for safety as Hamas attacked Israel over the weekend in its biggest offence in two decades. The US Dollar Index breaks back above 106.00 and looks primed to head higher. Sunday night amidst headlines from Hamas attacking Israel with a major offensive not seen in decades. All bets are off with safe havens seeing massive inflows.
30 is the next level to watch. On the downside, the recent resistance at 105.88 should be seen as first support. Still, this barrier has just been broken to the upside, so it isn’t likely to be strong. Instead, look for 105.12 to keep the DXY above 105.00. 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.
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