# US dollar continues range-trading | MarketPulse by OANDA Group

> Currency markets traded sideways on June 23 after US yields fell following Powell's recession remarks, pushing the dollar index 0.23% lower to 104.18. EUR/USD, GBP/USD, USD/JPY and AUD/USD moved within recent ranges.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41147-us-dollar-continues-range-trading-marketpulse-by-oanda-group
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Routine currency range-trading gives little new directional signal for feed commodity prices, though a softer dollar would modestly support dollar-priced grain and oilseed demand.

## Read by commodity

- DXY: bearish ▼

## Sources

- marketpulse.com: https://www.marketpulse.com/news/us-dollar-continues-range-trading/

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