- NFIB Index, IBD/TIPP Index ahead.
- Trading activity is back to normal after Monday holiday.
The dollar index is trading above 93.00 levels today, advancing for the sixth continuous session. DXY had fallen to 91.70 levels during the start of September and pulled back in subsequent days on the back of the strong gains in the risk-associated assets.
The US docket today features the NFIB Index and the IBD/TIPP Economic Optimism Index. And later in the week, CPI inflation numbers and weekly claims will be in focus.
The dollar index’s positive bias has continued after the Non-farm Payrolls on Friday. But, the broader weakness in the dollar might persist as the more dovish Fed, the intensity of the coronavirus pandemic and the upcoming presidential election in November pulling down the greenback while the US-China tensions’ occasional spring-up could help in dollar strength.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US Inc ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
