US dollar edges higher but lacks conviction - BBH

Analysts at Westpac explained that the US dollar edged higher against most of the major currencies over the past week. 

Key Quotes:

"However, the fundamental backing is still not solid, and it makes as wary of these upticks, even though we think a bottom is being carved. Specifically, the US interest rates still not finding much traction, and President Trump's legislative agenda still is encountering significant resistance within the Republican Party.   

Since the end of April, the Dollar Index has alternated between advancing and declining weeks. We suspect the pattern will continue next week. After this week's upticks, it means a setback.  Over most of this period the Dollar Index has been confined to a roughly 96.50-98.00 range. The Dollar Index peaked in front of near 97.90 on June 20. It can drift toward the lower end of the range, which we expect to hold."