The US Dollar trades mildly in the green after China fixes its Yuan at the lowest level since November. Markets gear up for two data-packed days in the US. The US Dollar index trades broadly sideways, keeping its head above 105.00. The US Dollar trades mildly in the green on Thursday, advancing against most major peers with exceptions such as the Japanese Yen and the Swiss Franc when it was trading ahead of its Swiss National Bank rate decision which triggered a reversal now .
US Dollar Index Technical Analysis: It never was going to be easy The US Dollar Index is putting up a heavy fight, with a bit of a thank you to the Asian uncertainty after the PBoC let loose its stronger Yuan fixing. With concerns growing that there might be something brewing in China with more monetary policy coming in, some slumbering support for the DXY could linger on and limit any substantial downturns. On the upside, there are no big changes to the levels traders need to watch out for.