The US dollar saw a slight increase before the release of Friday’s PCE price index, holding steady at 105.70 against a range of currencies. It had mixed results against major currencies, showing small decreases against the Sterling and Canadian dollar while staying relatively unchanged against others. Market sentiment was influenced by political events, including the upcoming US presidential debate.
The US Dollar Index is currently displaying a bullish trend, trading at 105.699 which is above its 50-day SMA of 105.488. Recent price movements indicate a recovery from a dip earlier in the month. The RSI stands at 57.70, suggesting moderate upward momentum, with possible resistance levels at 105.748 and 106.017, and support around 104.668.