DXY: US dollar index recovery fades as traders eye stimulus talks

The US dollar index (DXY) climbed for the third straight day as focus remained on Washington. The index is trading at 93.75, which is a few pips below yesterday’s high of 94.00. At the same time, the EUR/USD pair has dropped from Friday’s high of 1.1907 to the current 1.1730. Stimulus talks resume in Washington The US dollar has been under pressure in recent weeks as focus remains solidly on the state of the EU economy as the number of coronavirus cases have risen. As a result, the currency has dropped by more than 4% in the past three months.