Dollar Remains on Defensive Ahead of US Inflation Data

The dollar index continues to trend lower for the second consecutive week and hit new lowest in almost three weeks on Wednesday. The dollar reversed direction and entered downtrend since the US-backed intervention to support weakening yen and bond buybacks in late July (drop from 101.48 to 99.45, where bears found temporary support). Bears regained […] The post Dollar Remains on Defensive Ahead of US Inflation Data appeared first on ActionForex.