Category: Forex News, News
U.S. Dollar Moves Higher As Oil Markets Rally: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Today, traders also had a chance to take a look at the NY Empire State Manufacturing Index report. The report showed that NY Empire State Manufacturing Index decreased from 20.6 in August to 7.6 in September, compared to analyst forecast of 14.75. The report did not have a material impact on market dynamics as traders remained focused on the upcoming Fed decision.
Currently, U.S. Dollar Index is trying to settle above the 99.50 level. In case this attempt is successful, U.S. Dollar Index will head towards the resistance at 99.85 – 100.00. On the support side, a move below the support at 99.25 – 99.40 will open the way to the test of the 50 MA at 99.08.
EUR/USD Pulls Back As ZEW Economic Sentiment Index Misses Estimates
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