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Commodities down as dollar approaches 3-month high

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday the US dollar index, a measure of the greenback value against six currencies, was flat at 97.93, not far from its 3-month high of 98.14 after growing for 5 straight trading days (see the US dollar index historical data). The dollar is supported by the Fed Chair Janet Yellen hawkish comments on Wednesday that the policymakers leave open the possibility of the December rate hike. The U.S. payroll expected this week will increase the chances of the rate hike if the reading will be in

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