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Here is what you need to know on Friday, February 23: After dropping to its weakest level in three weeks, the US Dollar (USD) Index staged a rebound amid rising Treasury bond yields and closed flat on Thursday before stabilizing near 104.00 early Friday.
The US Dollar Index (DXY) is currently at 104.10, mildly higher thanks to stable conditions in the American economy.
EUR/USD reversed its direction after climbing toward 1.0900 on Thursday and closed the day virtually unchanged below 1.0850.
The EUR/USD pair attracts some dip-buying on Friday and seems to have stalled the previous day's retracement slide from the vicinity of the 1.0900 mark, or a nearly three-week high.
- The USD Index (DXY) extended its weekly decline below 104.00.