US Dollar Index dropped below 97.40 in the American session. Fed’s Clarida says monetary policy is not on a preset course. Wall Street’s main indexes stay in the negative territory. After dropping to a daily low of $1,485, the XAU/USD pair staged a modest rebound during the American trading hours and turned flat on the day near $1,492. However, despite the broad-based selling pressure surrounding the USD this week, the pair struggled to gain traction as the upbeat risk sentiment on hopes of a Brexit deal made it difficult for safe-havens to find demand. Although the proposed deal is subject to the UK parliament’s vote on Saturday, investors seem reluctant to price the possibility of the UK crashing out of the EU. US Dollar Index falls for the third straight week On the other hand, disappointing macroeconomic data releases from the US earlier in the week and the strong performance of major European currencies, such as the GBP and the EUR, caused the Greenback to suffer losses against its rivals and helped the pair limit its losses. As of writing, the US Dollar Index was at its lowest level in nearly two months at 97.35, erasing 1% since Monday. While speaking at an event organized by the CFA Institute in Boston on Friday, Richard Clarida, the Federal Reserve Board of Governors Vice-Chair, refrained from delivering a hawkish message and repeated that the Fed’s monetary policy was not on a preset course and said that the policy decisions will be made “meeting by meeting” to put additional weight on the USD’s shoulders. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Clarida: Economic growth in second half of year to be slower than first half FX Street 3 years US Dollar Index dropped below 97.40 in the American session. Fed's Clarida says monetary policy is not on a preset course. Wall Street's main indexes stay in the negative territory. After dropping to a daily low of $1,485, the XAU/USD pair staged a modest rebound during the American trading hours and turned flat on the day near $1,492. However, despite the broad-based selling pressure surrounding the USD this week, the pair struggled to gain traction as the upbeat risk sentiment on hopes of a Brexit deal made it difficult for safe-havens to find demand. Although the proposed deal is subject… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
