DXY stays pressured near 99 mark; Key US data awaited
The dollar index continues to stay pressured on rising prospects of a near term Federal interest rate cut in its upcoming December policy. Besides, chatter about Trump mentioning Hassett as a potential Chairman who is known for his dovish stance is also weighing on the greenback. The dollar index that measures the greenback against a basket of currencies is quoting at 99.15, down 0.15% on the day. Looking ahead, upcoming monthly US ADP Employment Change data and the ISM Services PMI would be closely monitored for further cues.
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