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Dollar Falls Back on Trump Comments

Currency & FXGeopolitics & WarElections & Domestic PoliticsInvestor Sentiment & PositioningMarket Technicals & Flows

The dollar index (DXY) traded higher in the morning but reversed and fell in the afternoon after President Trump told CBS News the war is "very complete" and the military operation is "very far" ahead. The remarks appeared to ease geopolitical risk and drove intra-day FX volatility that weighed on the greenback.

Analysis

The dollar index (DXY) traded higher in the morning but reversed and fell in the afternoon after President Trump told CBS News the war is "very complete" and the military operation is "very far" ahead. The remarks appeared to ease geopolitical risk and drove intra-day FX volatility that weighed on the greenback.

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