U.S. Dollar Index gains ground as traders react to the better-than-expected New Home Sales report. The report indicated that New Home Sales decreased by -0.6% month-over-month in July, compared to analyst forecast of -1.1%.
Currently, U.S. Dollar Index is trying to settle above the resistance at 98.00 – 98.20. In case this attempt is successful, U.S. Dollar Index will head towards the next resistance level, which is located in the 99.20 – 99.40 range.
