Dollar at 97.00 support - trader reveals what Fed's next move means for your trades
Key Points
- The US Dollar is holding steady at the 97.00 level, defying ...
The US Dollar is currently sitting pretty at the 97.00 level like a cat that just knocked your expensive vase off the table and landed perfectly on its feet. While everyone expected chaos from Fed uncertainty and Trump's trade theatrics, the dollar decided to flex its muscles instead.
Fresh jobless claims data came in better than expected, and PMI figures showed the US economy has more staying power than a Nokia phone from 2005. The DXY US Dollar Index found its footing near that magical 97.00 psychological level, proving once again that sometimes the market does exactly what it's supposed to...
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