US Dollar Index starts retracing weekly rally on Friday. Major European equity indexes post small daily losses. Coming up: Markit Manufacturing and Services PMI reports from US. The USD/CHF pair touched its highest level since late December at 0.9849 on Thursday but lost its traction on Friday. As of writing, the pair was trading at 0.9823, losing 0.16% on a daily basis. USD weakens after impressive rally A broad-based USD weakness seems to be allowing the pair to edge lower on Friday. The US Dollar Index (DXY) gained a total of 0.75% in the last three trading days and rose to its highest level since April 2017 at 99.91. With the major European currencies attracting some investor interest on the back of upbeat PMI data, the USD lost its strength and the DXY was last seen down 0.17% on the day at 99.70. Meanwhile, major European equity indexes are posting small daily losses to reflect a neutral market sentiment, which allows the USD’s market valuation to drive the pair’s movements. In the second half of the day, the IHS Markit’s preliminary Manufacturing and Services PMI for the US will be looked upon for fresh catalysts. Additionally, FOMC members Brainard, Mester and Clarida will be delivering speeches. 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 US: Trump awaits opponent – ABN Amro FX Street 2 years US Dollar Index starts retracing weekly rally on Friday. Major European equity indexes post small daily losses. Coming up: Markit Manufacturing and Services PMI reports from US. The USD/CHF pair touched its highest level since late December at 0.9849 on Thursday but lost its traction on Friday. As of writing, the pair was trading at 0.9823, losing 0.16% on a daily basis. USD weakens after impressive rally A broad-based USD weakness seems to be allowing the pair to edge lower on Friday. The US Dollar Index (DXY) gained a total of 0.75% in the last three trading days and rose to… 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.
