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US Dollar index toying with 81.00

FXstreet.com (Edinburgh) – The greenback, tracked by the US Dollar index, remains buoyant on Monday, hovering over the key handle at 81.00.

DXY firmer on risk aversion

The timing of the Fed’s QE tapering continues to drive the price action of the USD so far. However, the recent results from the US housing sector – Pending Home Sales contracted 0.6% MoM – and the drop in the Dallas Fed manufacturing index during October did nothing to curb the current upside momentum, as traders considered them as not relevant enough. “The PCE and durable goods orders reports will prove particularly interesting as …read more