Currency Buzz: Dollar Index Crawls Back Above 105 Mark

6 Dec 2022 , 01:06 PM

Dollar is seen crawling back to positive after a brief pause in early Asia on Tuesday. The greenback accrued strength amid expectations of Fed continuing with its aggressive stance following improved data from the US. The November ISM Services data, along with the solid November jobs report released last week, pointed to a resilient economy and bolstered the case for further monetary tightening. The dollar index that measures the greenback against a basket of currencies held above 105 mark after having briefly dipped below the level earlier in the day. Currently, the greenback stands at 105.36. Meanwhile, EUR/USD is staying subdued at $1.04, down 0.1% on the day. Powered by Commodity Insights