The U.S. currency had a tough July but tried to finish on a high note. From the intraday lows of the beginning of the day on Friday, the dollar index on ICE (NYSE:ICE) reversed to growth, adding more than 1.1% before trading began in Europe.
It's hard to say right now if we have already seen a monthly or weekly profit-taking, and if this pullback will continue throughout August.
USDX testing multi-month trend-line support (Image not shown due to low ratings)
(Image not shown due to low ratings)
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