- US Dollar Index fades bounce off two-month low, sluggish of late.
- Fears of recession allowed DXY to pare recent losses at multi-day low despite downbeat employment clues.
- Challenges to greenback’s reserve currency status, fears of deterioration job conditions exert downside pressure on the US Dollar Index.
- Second-tier US jobs report, risk catalysts eyed for fresh impulse.
US Dollar Index (DXY) fades late Wednesday’s corrective bounce off 101.41 as it retreats to 101.82 during early Thursday. In doing so, the greenback’s gauge versus six major currencies justifies the challenges to the US employment sector, as well as threats to the US Dollar’s reserve currency status.
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