The direction of the March U.S. Dollar Index on Tuesday is likely to be determined by trader reaction to the main 50% level at 90.950.
The U.S. dollar reached a six-week high on Monday on weakness in the euro, Swiss franc and Japanese yen amid views that the United States has an advantage in growing its economy and vaccinating its population against COVID-19. The Japanese yen weakened, hovering around 105 to the U.S. dollar, a level not seen since mid-November. Against the Swiss franc the dollar was up 0.66% to 0.8967 to the dollar, its weakest level in two months.
The direction of the March U.S. Dollar Index into the close will be determined by trader reaction to the 50% level at 90.340.