U.S. Dollar Index (DX) Futures – 89.890 Could Be Trigger Point for Steep Plunge into 89.165

The U.S. Dollar plunged to its lowest level against a basket of major currencies since January 13 on Monday. Among the components of the basket driving the greenback lower were the Euro, which is posting a 0.29% gain late in the session. The Japanese Yen is up 0.33% and the British Pound is notching a 0.40% gain. At 21:24 GMT, March U.S. Dollar Index futures are treading 90.090, down 0.273 or -0.30%. The greenback resumed its slide on Monday and reached multi-year low against the British pound and the Australian Dollar as traders focused on the promise of coronavirus vaccinations and the outlooks for economic growth … (full story)

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