The US dollar pulled back further as optimistic global equities dented the global reserve currencys safe haven appeal. The currency is seen losing ground for the third session in a row ahead of crucial data. The dollar index eased for the third session and is seen approaching 96 mark amid improving global risk sentiment and lack of upside traction in US yields. US ADP report and weekly figures from Mortgage Applications measured by MBA will be watched for in the US space. At the time of writing, the dollar index, which measured the greenback against a basket of currencies is seen at 95.98.
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