Dollar Searches for Break from Range with EURUSD and USDJPY Prime Candidates 0 (0)

The holidays are passed, but the restrictive trading conditions seem to have carried over into the second half of January. The Dollar has been trapped in a tight range through this week as market participants await a clear signal. Will we get it amid key event risk like the US 1Q GDP release next week?

Go to DailyFX Forecasts

Dollar Pushes 7-Month Lows but Dive in Rate Forecast Cooling, VIX Connection Important 0 (0)

The broader measure of the US Dollar – the DXY Index – dropped its lowest level since early June this past week. The reversal seems productive with the 2022 run up providing plenty of premium to burn, but the fundamental backing to this move is less reliable than bears may appreciate.

Go to DailyFX Forecasts