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  • The index climbs to fresh YTD peaks above 94.20.
  • DXY advances further amidst declining US 10-year yields.
  • US final Consumer Sentiment came in at 98.0 for the current month.

Tracked by the US Dollar Index (DXY), the greenback remains on a firm note and is now recording fresh yearly peaks further north of 94.00 the figure.

US Dollar up despite US data

The greenback keeps the upbeat sentiment for yet another week and is now pushing the index to new cycle highs in the 94.20/30 band, levels last traded in November 2017.

The rally in DXY remains healthy despite yields of the key US 10-year reference keep correcting lower from recent multi-year tops and are now threatening to re-test the critical 2.90% level.

Data wise today, the buck stayed apathetic following mixed results from Durable Goods Orders during last month, while the final print of US Consumer Sentiment came in below initial estimates at 98.8.

Furthermore, USD gained extra steam after US Defence Chief Mattis said there is still the chance for the Trump-Kim Jong-un summit.

In the meantime, DXY is on the way to close its second consecutive week with gains, while it advanced in five out of the last six weeks from mid-April’s lows in the 89.20 region.

US Dollar relevant levels

As of writing the index is gaining 0.43% at 94.19 facing the immediate hurdle at 94.24 (2018 high May 25) followed by 94.27 (high Oct.5 2017) and finally 95.17 (monthly highs Oct/Nov. 2017). On the downside, a break below 93.54 (10-day sma) would target 93.30 (low May 21) en route to 92.99 (21-day sma).