UAUD - The Dollar Index Remains Below Its Critical Resistance Level - Keep An Eye On These 2 Currencies
The latest minutes of the most recent FOMC meeting told markets that the central bank expects to have lots of patience when it comes to tightening credit in 2019. Moreover, the Fed is contemplating and formulating a plan to slow or end its program of quantitative tightening sooner, rather than later.
The dollar index futures contract rose from a low of 88.15 one year ago in February 2018. It reached its most recent peak on the continuous futures contract in mid-December. After a correction that took the index from 97.705 late last year to 94.635,