By Tyne Morgan
After experiencing the biggest weekly drop in two months, the U.S. dollar is on the rebound. The dollar ended on a low note Sept. 8, as it weakened against major rivals with the fear of the economic impact from Hurricane Irma and pullback in treasury yields weighed on the index.
The role reversed on Monday- as the dollar saw strength, something Brugler Marketing’s Alan Brugler saw as imminent.
“We’re watching the dollar pretty closely or the DX, which is only one of three or four ways of measuring the dollar index is at 92, said Brugler. “That is a major chart support point on the weekly and monthly chart.”
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