Dollar Index: Dollar Remains at the Back Foot on Renewed Recession Fears, Fed in Focus

The dollar index holds in red for the third day and threatening to fully retrace recovery leg from 104.05 (Dec 5 low, the lowest in 3 –1/2 months) after bulls were trapped above 200DMA. The dollar came under pressure on renewed concerns about slowdown of US economy, after jobless claims rose, adding to worries that […]

The post Dollar Index: Dollar Remains at the Back Foot on Renewed Recession Fears, Fed in Focus appeared first on Action Forex.