Dollar Index Fails at 200-Day EMA, Trades Near 99.50
The US Dollar Index is down about 0.1% near 99.50 after failing at its 200-day exponential moving average in early trading.
DXY
The dollar opened directly on its 200-day exponential moving average and was rejected within the first minutes. It traded near 99.50, roughly a tenth of a percent lower, after setting a session low just above 99.25.
The move took out the August low, leaving the index unable to rally. The update cited Washington being on the offer as a factor preventing upside momentum.
Source: FXStreet Forex News