The U.S. dollar index is a basket of six major world currencies rolled into on composite price index. It’s a gauge of the overall health of the U.S. currency. See on the daily bar chart that the USDX is in an uptrend and is close to reaching a new high for the year. The greenback bulls are in firm technical command as summertime is winding down, heading into what can be more turbulent trading months of September and October. Stay tuned!–Jim
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