The greenback stayed on the defending and is challengeable to reduce the US dollar index (DXY) on 4 days in the border of the 96.30 area.
Further growth in the trade argument between the US-China, meanwhile has the ability to continue to weigh the buck and also poses a threat to genuine bullish efforts at the index.
The trade conflict between the United States and China stayed central when it comes to driving global sentiment for the time being.
The focus of the debate will be on the Fed's intentions on the balance sheet, the analysis of the stiffening cycle and the renewed patient position of the Fed, as Chief Powell's testimonies are also to be take care of.
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