After Extending Its Gains, The Greenback Softens
2026-02-06 07:25:00 ET
The US dollar ( DXY ) is seeing this week’s gains pared against most of the G10 currencies today. The Australian dollar has recovered from a two-week low set earlier today and is the only G10 currency that has gained on the greenback this week. The Reserve Bank of Australia raised rates earlier this week, and the market has brought forward its expectation for another hike. The dollar’s gains this week seemed to be largely technical in nature as the correction to the sharp losses from mid- to late-January was retraced. The momentum indicators warn the upside correction may have more room to run....
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After Extending Its Gains, The Greenback Softens
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