DXY succumbs to profit-taking – DBS

FXStreet (Barcelona) - The DBS Group Research Team, notes that DXY (USD) index succumbed to profit-taking as it tried to break the new five-year high yesterday.

Key Quotes

“The DXY (USD) index succumbed to profit-taking when it tried to break a new five year high yesterday. Contrary to expectations, the greenback did not get a lift from senior Fed officials – Vice Chairman Stanley Fischer and New York President William Dudley – talking about rate hike prospects next year. In fact, both US equities and bonds retreated while gold advanced above $1200/oz again.”