It looks like the rally in the US dollar is coming to an end. It is because of the inflation data released in the US. Also, the trade tensions between the US and China are limiting the growth of the greenback. The US dollar index is trading at 95.00. The USD/JPY pair is trading at 112.50 level. The Aussie is supported by the macroeconomic data released as it is the main supplier of raw materials to China. The AUD/USD pair is trading at 0.7120. The economic calendar does not contain any important events or news releases. Now it is time for investors to take profits before the trading week ends.
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USDX Has Slim Chance to Recover
October 12, 2018 at 12:06
by K. Prabhu
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