DXY: US dollar index falls again as pound rally gains steam

The dollar index (DXY) relentless sell-off accelerated today as traders reacted to positive news from the United States and abroad. The index is trading at $90.55, which is the lowest it has been since April 2018. British pound a key contributor The British pound is the biggest contributor to the dollar index weakness today. The currency, which has an 11% weighting in the index, is up by more than 1.4% today. This performance is mostly because of the positive signs that the UK and the EU will reach a Brexit deal by the end of the year. A Brexit deal