The US Dollar Index has no dovish tail to price
Tuesday gives the Dollar Index a session with almost nothing in it.
Tuesday brings the Dollar Index a session with minimal movement, as the index trades near 99.80 within a narrow range of under two-tenths of a point. The 200-day Exponential Moving Average (EMA) sits at 99.50, while the 100.00 handle has held between the two levels since late July. Two releases have occurred, with private hiring slowing to 8.25K from 11K and existing home sales down 1.7% month-over-month.
Futures suggest a 50.1% probability of holding steady against a 49.9% chance of a quarter-point increase at the September 16 meeting, the flattest reading of the year and the second consecutive session at a dead heat.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
