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USD Index

USD Surges on Manufacturing Beat

The US dollar exploded higher yesterday in response to yet another domestic beat. The latest ISM Manufacturing PMI showed that the US manufacturing sector posted its first expansion in six months over last month. Manufacturing Well…

USD Rallies on Data Beat

Services Sector Recovers The US Dollar surged higher yesterday as the latest US economic data provided some welcome relief for USD bulls. The October US ISM Non-Manufacturing reading came in above expectations reflecting a rebound in…

Trump Calls On Fed To Cut Rates by 1%

Despite coming under widespread criticism for such incidents in the past, Trump has once again publicly declared his views on how he wants the Fed to act. Taking to his favorite medium of Twitter, the US president wrote yesterday that:  …

USD Strong Ahead of FOMC

Dollar Drive Continues The US Dollar has started the week on a strong footing with the USD index continuing its recent rally. The index has now broken firmly above the 97.11 level and is well on its way to testing the next resistance level…