De-escalation undermines the greenback
The US dollar faced a downward gap at the start of the week as the Middle East de-escalation of the conflict came as an unwelcome surprise to speculators who had built up net long positions in the USD index to their highest levels since 2015.
The US dollar faced a downward gap at the start of the week as the Middle East de-escalation of the conflict came as an unwelcome surprise to speculators who had built up net long positions in the USD index to their highest levels since 2015.
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![Dollar rally resumes? Weighs on Gold and Crypto, USD/JPY eyes 165, CHF keeps weakening [Video]](https://editorial.fxsstatic.com/images/i/DollarIndex.png?#)