The USD index (DXY) has lifted out a of a fresh low that was seen early in the Asia-Pacific session at 90.14. That is the lowest level seen since December 2014, and was the culmination of a 13.2 decline from the high seen in January 2017. The low also marks about a 55% retracement of a rally seen from 2013-14 through to last January, illustrating the corrective aspect of dollar declines over the last year. The prevailing rebound has been driven by a correction in EUR-USD, which has declined by a big figure from the 37-month posted earlier at 1.2323.
[EUR, USD]