U.S. Dollar Index is mostly flat as traders wait for additional catalysts. Treasury yields are moving lower, but this move does not put material pressure on the American currency.
The nearest support level for U.S. Dollar Index is located in the 103.20 – 103.40 range. A successful test of this level will push U.S. Dollar Index towards the next support at 102.00 – 102.20.
GBP/USD made an attempt to settle above the strong resistance at 1.2935 – 1.2950 but lost momentum and pulled back below the 1.2900 level.
If GBP/USD declines below the recent lows near 1.2875, it will move towards the support level, which is located in the 1.2810 – 1.2830 range.
