The safe haven US Dollar has recently lost momentum against major currency pairs as fundamentals continue to weigh on risk appetite.
After breaking above the key psychological level of 90.00 in June, the US Dollar Currency Index (DXY) has proven to be on a strong upward trajectory which continues to hold, at least for now.
With price action currently testing the 93.5 handle, prices are trading above both the 50 and 200-day moving average (MA) with the MACD above the zero-line.
