U.S. Dollar Index gains ground as demand for U.S. currency increased despite falling Treasury yields. There are no important economic reports scheduled to be released in the U.S. today, so traders will stay focused on general market sentiment.
If U.S. Dollar Index climbs above the 50 MA at 98.82, it will head towards the resistance level at 99.20 – 99.40.
GBP/USD pulls back as traders take some profits off the table after the strong rebound from August lows.
A move below the support at 1.3370 – 1.3390 will push GBP/USD towards the 50 MA at 1.3323.
