- DXY is trading at levels not seen since May 2017.
- The level to beat for buyers is the 99.20 resistance.
- The FOMC Minutes will be released at 19.00 GMT.
DXY daily chart
DXY four-hour chart
Additional key levels
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EUR/USD has erased gains to trade on the back foot below 1.0900 early Tuesday. The pair treads water amid a cautious market mood, as traders weigh the US political updates and China slowdown worries. The US Dollar remains subdued, in the absence of top-tier economic data.
GBP/USD drops toward 1.2900 as US Dollar looks to stabilize
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Gold price is making another attempt to reclaim $2,400 on a sustained basis, replicating the moves seen during Monday’s Asian trading. Gold price appears to be benefiting from a typical market caution and renewed China’s economic worries and ahead of key US earnings reports.
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