The US Dollar has bounced up strongly from session lows at 98.65 area in Asia to resume its broader bullish trend, returning above the 99.00 level to test Wednesday’s highs at 99.06 at the early European session.The US Dollar Index, which measures the value of the USD against a basket of six majors,
There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar Index (DXY) is trading strongly on Thursday, awaiting data on the Personal Consumption Expenditures (PCE) Price Index, due on Friday at 12:30 GMT.