The Dollar Index (DXY ) had its best day since early May yesterday. Heavily weighted on the euro, the DXY rally was driven by the euro sell-off, although we did see the dollar rally against most other currencies too.
USD traded better bid overnight. The sell-off in European equities overnight and most Asian equities also weighed on sentiments. DXY was last at 98.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar (USD) is trading a little higher overall on the session but its performance is more mixed against the G10 currencies and it slipped to its lowest since November against the CNY in overnight trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.