DXY flirts with peak levels near 93.50
DXY flirts with peak levels near 93.50

The index found demand at the beginning of the week, with a slight decline in volatility on the US political front today. However, with the possibility of triggering potential geopolitical tensions between the US and North Korea, the USD may continue to remain under the microscope in the US-South Korea joint application light.

Meanwhile, attention will be drawn to the Jackson Hole Symposium in the second half of the week, and market participants will look for clues on the next potential steps in the monetary policy of the main central banks.

The rebound in DXY is tandem with the 10-year US bond interest recovering around 2.20%.

On the data front, the Chicago Fed National Activity Index is the only data expected in the North American session.
The US Dollar Index is currently trading at 93.47 with a gain of 0.12%.

Significant technical levels for DXY
Support for DXY levels at 94.06 (August 16 summit), 95.10 (23.6% Fibo 2017 retracement) and 96.25 (July 5 summit) levels, 93.33 (21-day SMA), 93.21 (August 17 bottom) and 92.83 You can create.

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