The dollar index saw firm recovery towards 107 mark on Tuesday even as US treasury yields were starkly lower at 2.7%. The dollar index which measures the greenback against a basket of other major currencies was trading higher by 0.35% at 106.73. The dollar recently touched a 20-year high of 109.290 in mid-July. All focus is now turning to the looming two day Fed policy meeting which starts today. The fate of the global reserve currency now clings on Powells decision on interest rate amid red hot inflation in the US and growing fears of a recession on the back of deteriorating economic data. Powered by Commodity Insights
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