U.S. Dollar Index (DX) Futures Trader Reaction to 90.485 Sets the Tone

The U.S. Dollar is trading flat early Monday but attracting some safe-haven buying at the start of a new week with traders expressing some concerns amid the volatility on Wall Street. Traders may be bracing for a continuation of the battle between aggressive speculative retail traders and several hedge funds specializing in the short-sales of stocks that could influence investor sentiment. At 03:23 GMT, March U.S. Dollar Index futures are trading 90.555, down 0.014 or -0.02%. On the data front, the key report that could drive the price action later in the session is the ISM Manufacturing PMI report at 15:00 GMT. It … (full story)

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