"The US economy is far from slowing down as Housing stats rose 3.9%, industrial production grew by 1% and Manufacturing production advanced by 0.5% during the month of July. The dollar index rallied to two month high of 103.59 on Thursday as it becomes evident from the recent data that the Fed will continue to go with 'higher for longer' interest rates which will further fuel a rally in the dollar index to test resistance of 104 in coming sessions," Mohammed Imran, Research Analyst at Sharekhan said.
