rates<\/a> and infuse more liquidity to weigh on the DXY. Further, the optimism about China\u2019s struggling reality firm Country Garden, after it managed to gain approval from creditors to delay the debt payments of around 3.9 billion Yuan ($536 million), also exerts downside pressure on the US Dollar Index.<\/p>\nWith the recent improvement in the German bund yields and reassessment of the Fed concerns, especially as the full markets return, the DXY pares the previous day\u2019s losses but seeks more clues to recall the buyers.<\/p>\n
Looking forward, China\u2019s Caixin Services PMI for August, as well as the US Factory Orders for the said month, will be important to watch for clear directions. Above all, the risk catalysts and the bond moves should be watched carefully for clear directions.<\/p>\n
Technical analysis<\/h2>\n
Although the US Dollar Index (DXY) bulls remain hopeful beyond the 21-DMA support of 103.45, a downward-sloping resistance line from late May, close to 104.45 by the press time, restricts the immediate upside of the Greenback\u2019s gauge versus the six major currencies.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: US Dollar Index remains dicey after a downbeat start to the week that snapped two-day winning streak. Mixed US data, unimpressive Fed talks confirms September inaction, odds of witnessing one rate hike in 2023 defend DXY bulls. US Labor Day holiday, China-inspired risk-on mood allowed Greenback buyers to take a breather. US Factory Orders, […]<\/p>\n","protected":false},"author":2,"featured_media":19839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,459,366,255,250,333,252,247,253,411,249,256,254],"class_list":["post-149796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-dollarindex","tag-fed","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-riskaversion","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149796"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149796\/revisions"}],"predecessor-version":[{"id":149797,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149796\/revisions\/149797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19839"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}