USD Index trades without direction below 102.00

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USD Index trades without direction below 102.00
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USD Index trades without direction below 102.00 – by pabspiovano DollarIndex Currencies Majors

The Fed is likely to hike rates by 25 bps at the May 3 gathering.The greenback gives away gains to the 101.80 region recorded earlier in the Asian trading hours and returns to the 101.60 zone when gauged by theThe index struggles to regain upside traction amidst the broad-based absence of a clear direction in the global markets following the opening bell in the old continent on Monday.

Later in the NA session, the NAHB Housing Market Index is due seconded by the NY Empire State Index and TIC Flows.The dollar’s upside appears to have met a tough barrier around 101.80 so far at the beginning of the week. : NAHB Housing Market Index, TIC Flows – Building Permits, Housing Starts – MBA Mortgage Applications, Fed’s Beige Book – Initial Claims, PhillyEminent issues on the back boiler

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