US Dollar selloff continues as Wall Street opens higher


US Dollar resumes the downside following Tuesday’s correction.
Top-tier economic data and tech earnings from the United States this week to affect USD valuation.
Downside appears compelling for the US Dollar Index amid the bearish daily technical setup.

The United States Dollar (USD) is back in the red after a temporary rebound seen on Tuesday. An improving market mood appears to be weighing on the US Dollar’s safe-haven appeal. Wall Street’s main indexes opened in positive territory on Wednesday, led by a more-than-1% increase in the tech-heavy Nasdaq Composite Index as investors cheered better-than-expected earnings from Microsoft and Alphabet. 

However, concerns over the US debt ceiling continue to linger alongside the banking sector fears, as investors gear up for the…

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