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| Dollar Index, four-hour chart, source:FXStreet.com |
cf. [EUR] Facing Resistance Line 2019 1103
cf. [USDX] Ahead of Fed Decision 2019 1030
cf. [EUR] Euro in Correction 2019 1024
cf. [EUR] Rising Euro after Correction 2019 1021
U.S.-Sino trade war seems to shift by signing the small deal agreement, and no-deal Brexit risk lowered. Federal Reserve Chair Jerome Powell suggested there wouldn't be more benchmark-interest-rate cut for a while.
These news put dollar in mixed state. Dollar Index, dollar price against the basket composed of six currencies is 97.33 13:00(UTC).
An analyst predicts greenback or dollar index slides step by step. Another expects the rebound of dollar index.
Non-farm Payroll released in last week surprised investors with 128-thousand increasing, but euro-zone economy is still in hard landing. Greenback gains.
Four-hour chart of dollar index rebounds at the bottom of 97.18. If it succeeds to rise, the double-bottom pattern is built. And it supports dollar index upward.
Greenback still appeals.
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