US Dollar Index Faces Negative Bias Amid Policy Headwinds
The US Dollar Index struggles to hold above 100 as European currencies better reflect dollar weakness, according to DBS strategist Philip Wee.
DXYEURUSDUSDJPY
Strategist Philip Wee of DBS Group Research noted that the US Dollar Index (DXY) is finding it difficult to reclaim the 100 level.
He argued that European currencies are a better gauge of the dollar's true underlying weakness, as outsized volatility in the Japanese yen has been distorting the picture.
Source: FXStreet Forex News