In the currency market, the dollar index, which measures the greenback against a basket of currencies, rose to 101.14 at 9:40 a.m. HK/SIN, up from an earlier low of 100.91.
“Trader frustration is building as narrow trading ranges persist because contrasting market drivers confuse and the Trump headline effect is waning,” said Stephen Innes, a senior trader at OANDA.
Innes added that there were still enough moving parts to keep things interesting in the currency market, with “European risks smoldering and Fed minutes on tap as Fed watch is creeping back into the headlines.”
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