Dollar Index at Two-Month High on Growing Prospects for More Fed Rate Hikes

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The dollar index continues to trend higher and trading near the highest in two months, driven by growing prospects of further Fed rate hikes, so far unaffected by loser oil prices, which may ease inflationary pressures. Today’s break above Fibo barrier at 100.32 (61.8% of 101.48/98.44, also top of descending daily Ichimoku cloud) generated fresh […]The post Dollar Index at Two-Month High on Growing Prospects for More Fed Rate Hikes appeared first on ActionForex.