Dollar takes breather after year-to-date advance

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The US Dollar is now weaker against most Asian and G10 currencies, softening after having recently broken past the 99 psychological level. The Dollar index has posted a 2.84 percent year-to-date gain through February 14, having recorded just one full-week’s decline so far in 2020.

With its 14-day RSI having tipped into overbought territory, the DXY’s upward momentum is set to wane over the near-term, perhaps allowing currencies across the emerging-markets and G10 spectrum some measure of relief. However, considering the still-cautious mood in the markets stemming from the Covid-19 outbreak… Read More:

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