Dollar Index Stuck in Tight Range Ahead of Key Releases

The US Dollar Index has been trading in a tight range since July's final days, stuck between its 200-day Exponential Moving Average (EMA) near 99.50 and the 100.00 handle.

Recent releases have had little impact on the index, with private hiring slowing to 8.25K from 11K and existing home sales down 1.7% MoM.

Futures put the September 16 meeting at 50.1% for a hold against 49.9% for a quarter point, the flattest reading of the year and a second consecutive session at a dead heat.