Following Wednesday's volatile trading amid month-end flows, the US Dollar Index has risen above 109.00. Economists at BBH expect DXY to test the 109.478 cycle high from earlier this week.

The dollar is firm as the new month begins

“We believe yesterday’s dollar selling was due largely to month-end rebalancing going into the fix. With that out of the way, fundamentals suggest the rally is back on track.”  

“DXY should soon test the 109.478 cycle high from earlier this week.”