The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
he euro has seen a lot of selling pressure come in during the day on Thursday as the US bond market continues to sell off, driving yields much higher. As the 10-year yield is sitting near the 1.75% level, it makes the US dollar much more attractive in comparison to other currencies. With that in mind, it does make sense that we would see the market fall again, but...