The dollar index is trading near three-month high in early Wednesday, following sharp rise (0.7%) on Tuesday, sparked by higher than expected US January inflation, which cooled bets for the first Fed rate cut. Fresh advance generated bullish signals on break above near-term consolidation range and close above pivotal Fibo barrier at 104.46 (61.8% retracement […]
The post Dollar Index: Bulls Regained Control After Hotter Than Expected US January Inflation appeared first on Action Forex.
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