The dollar index continues to stay subdued awaiting further cues from the upcoming Fed speech later in the global day that would be closely evaluated. The dollar index that measures the greenback against a basket of currencies dropped to 106.64 from a 20-year high of 114.78 on September 28 as investors look toward the U.S. central bank reaching a peak rate early next year with inflation pressures expected to subside. Besides, safe haven demand for the greenback eased amid increasing optimism for a loosening of Chinas COVID restrictions. EUR/USD is also staying supported above parity at $1.03 amid waning dollar strength. Powered by Commodity Insights
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