Dollar Index Falls 100 Basis Points From Ten Month High, Up 2.70% In September Quarter

Published on Sep 29, 2023 14:21

The US dollar index has eased today, adding to latest spate of losses as the index dipped from a ten month high. The break under 106 mark weighed on the index and it pulled it towards 105.30 mark, making the index fall around 100 basis points from its ten month high. Risk appetite has picked up yesterday amid a spurt in Copper and a recovery in DOW from near four month low. Investor attention now firmly turns to the Fed`s preferred PCE price index report. Dollar has had a rocking time in recent months and is due to close out the September quarter with a gain of 2.70%.