US Dollar Index is inching closer to critical 100 mark. Major European equity indexes continue to suffer heavy losses. USD funding stress dominates FX market action on Wednesday. The USD/CHF pair gained more than 150 pips on Tuesday and staged a technical correction during the European morning on Wednesday. After retreating to 0.9570 area, the pair gained traction in the last hour and turned flat on the day above the 0.9600 mark. US Dollar Index pushes higher toward 100 The broad-based USD strength amid concerns over USD funding stress continues to dominate the action in the foreign exchange markets. Although the US Dollar Index seemed like it has calmed down following the Federal Reserve’s additional measures to inject liquidity into the markets on Tuesday, it turned north, once again, and is now at its highest level since April 2017 at 99.95. In the meantime, major European equity indexes are all erasing more than 5% to reflect the risk-averse environment, which helps the CHF show some resilience for the time being. In the second half of the day, Building Permits and Housing Starts will be featured in the US economic docket. However, investors are likely to remain focused on the USD’s performance and markets’ risk perception. 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 Coronavirus update: Spanish cases jump to 13,716, death toll in Iran reaches 1,135 FX Street 2 years US Dollar Index is inching closer to critical 100 mark. Major European equity indexes continue to suffer heavy losses. USD funding stress dominates FX market action on Wednesday. The USD/CHF pair gained more than 150 pips on Tuesday and staged a technical correction during the European morning on Wednesday. After retreating to 0.9570 area, the pair gained traction in the last hour and turned flat on the day above the 0.9600 mark. US Dollar Index pushes higher toward 100 The broad-based USD strength amid concerns over USD funding stress continues to dominate the action in the foreign exchange markets. Although… 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.
