U.S. Dollar IndexShort
Dollar index bearish view
The dollar index continues its struggle in the 105.00 zone. On the upside, we have a resistance line and expect to hold below. New President Trump needs a weaker dollar index to boost exports. We will see new data on US inflation on Wednesday. Forecasts are that inflation could remain at the same level as last month. If this happens or the data is weaker than the forecast, the dollar index will retreat deeper.
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