The dollar is ticking higher on Monday.
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The US dollar is ticking higher on the 'prospects of both tax reform and additional monetary tightening by the Fed'
The dollar was slightly stronger on Monday.
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The US dollar index was up by 0.3% at 93.99 at 8:51 a.m. ET.
The dollar "is enjoying modest gains against most currencies as prospects of both tax reform and additional monetary tightening by the Fed carry over from last week," Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said in commentary
"The Dollar Index is flirting with important resistance in the 94.00-94.25 area, which corresponds with a neckline of a bottoming pattern that would project toward 97.00, where the 200-day moving average is presently found," he continued.
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