Dollar Index ended June with 1.3% decline - BBH

Sandeep Kanihama FXStreet Contributor

Dollar Index slumped 1.6% in the last week of June, offsetting the minor gains it had recorded earlier in the month.

Key Quotes

“The 1.3% decline for the month is the fourth consecutive losing month since the December 2010-April 2011 period. The 4.7% loss in Q2 is the largest since Q3 10. Although it is below its lower Bollinger Band (95.73), the other technical indicators are not over-extended, nor showing divergences. The next target is near 94.30. Below there, chart support ahead of last year's low a little below 92.00 is sparse.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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