Dollar index rebounded (stronger dollar, if persisted, will weigh on global funding conditions), and rate hike expectations rose.
Not exact matches
This level is above support near $ 0.93 but a
rebound from $ 0.95 is consistent with the way the
Dollar Index oscillates around the central midpoint of $ 0.97.
Asia Roundup: Aussie
rebounds as trade surplus widens,
dollar index consolidates near 4 - month peak, Asian shares ease on geopolitical tensions - Thursday, May 3rd, 2018
On October 3, bullion fell below $ 1,200 to prices we haven't seen since 2010, but they quickly
rebounded to the $ 1,240 range as the
dollar index receded from its peak the same day.
We saw the same theme of
rebounding real estate and financials while China showed strength and in the non-leveraged segment, commodities rallied even in the face of a mildly stronger
dollar index for the week.