US Dollar is testing the intraday high on Wednesday as the US trading session is set to kick in.
US Dollar Index is consolidating after a key technical breakout which points to more upside potential.
Nomura joined JP Morgan and Barclays in cutting growth forecasts for China this year, chasing Yuan investors away and into US Dollar.
The demand for the US Dollar (USD) is not abating at the start of the US session as the Greenback remains bid after a small pause earlier this week, where the USD was able to catch its breath after its rally last week. The US Dollar Index (DXY) rally is the result of comments from United States Speaker of the House Kevan McCarthy, who said there is still a lot of ground to cover to get the debt ceiling lifted. Additional tailwind for the…