fxstreet.com 22 Feb, 2021 09:45 am

US Dollar Index leaps to session tops around 90.50

US Dollar Index leaps to session tops around 90.50
The greenback, when tracked by the US Dollar Index (DXY), starts the day on a positive footing and advances to daily highs in the mid-90.00s on Monday

In the meantime, market participants continue to look to the reflation trade, the vaccine rollout and extra US fiscal stimulus as the immediate drivers of the price action surrounding the index for the time being.The latter is sustained by the (reinforced) accommodative stance from the Fed, extra fiscal stimulus and prospects of a strong recovery in the global economy, which are seen underpinning the better sentiment in the risk-associated space.Could US fiscal stimulus lead to overheating?05 (weekly high Feb.

60 (2021 high Feb.04 (weekly low Jan.

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