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Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

British Pound Tries To Gain More Upside Momentum Against U.S. DollarGBP/USD is trying to get above the nearest resistance level at the 50 EMA at 1.2930 as the U.S. dollar is under some pressure against a broad basket of currencies.Currently, the U.S. Dollar Index is heading towards 93.50. In ca