# US Dollar approaching 97.30, session tops — Octa

> The US Dollar Index traded near 97.26 and was heading toward daily highs around 97.30 as US 10-year yields rose for a fourth session. Traders expected a hawkish FOMC message and focused on the timing of balance sheet reduction. Speculators had raised net long dollar positions to two-week highs.

- Date: 2017-06-12 · published 2017-06-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10203-us-dollar-approaching-97-30-session-tops-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Routine dollar moves tied to yields and positioning have little direct price impact on feed commodities ahead of the FOMC meeting.

## Read by commodity

- DXY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/452905/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.