U.S. Dollar Index (DX) Futures Buyers Facing Major Resistance at 90.950 to 91.370

The U.S. Dollar rose across the board to hit a four-week high against a basket of currencies on Friday. The move changed the main trend to up on the daily chart as data showing the COVID-19 pandemic’s continuing toll on the economy boosted demand for the safe-haven currency. The dollar’s rebound from three-year lows, which began last week, may have some more room to run if the state of the economy worsens, but the currency’s longer-term outlook remained week. On Friday, March U.S. Dollar Index futures settled at 90.754, up 0.539 or +0.60%. Despite the recent rise in the dollar, speculators increased their net … (full story)

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