Category: Forex News, News

U.S. Dollar Tests Yearly Highs As Traders Focus On Hawkish Fed Policy Outlook: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Traders also had a chance to take a look at the Existing Home Sales report for October. The report indicated that Existing Home Sales decreased by -5.5% month-over-month, compared to analyst consensus of +0.3%.

Currently, U.S. Dollar Index is trying to setlte above the resistance level at 103.15 – 103.30. In case this attempt is successful, U.S. Dollar Index will head towards the next resistance level, which is located in the 104.60 – 104.75 range.

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