Dollar Index Stalls Below 200-Day EMA Despite Two-Decade Yield Highs
The Dollar Index is holding just above 99.50 after a 17-pip session range, while long-dated US yields near two-decade highs have failed to produce a meaningful move.
DXY
Long-dated US yields are near their highest levels in almost two decades, but the Dollar Index has barely responded. The index moved by only three hundredths of a point and is holding just above 99.50 after a session range of 17 pips.
Spot remains below a flat 200-day exponential moving average near 99.75, a level that has capped every attempt so far. The lack of upside momentum leaves the dollar index roughly flat on the session.
Source: FXStreet Forex News