The index moves back above the 94.00 handle. Yields of the US 10-year note drop to test 2.82%. US Core CPI, Personal Spending came in above estimates. The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, has managed to bounce off session lows and regains the 94.00 barrier and above so far. US Dollar looks to extend the rebound After bottoming out in the 93.80/70 band during early trade, the index managed to attract some buying attention and is now moved beyond 94.00 the figure as the risk-associated complex is facing some renewed selling pressure. USD also found support in better-than-expected results from April’s PCE, Personal Spending and weekly Initial Claims. Other releases in saw Pending Home Sales dropping 1.3% MoM during the same period and the Chicago PMI at 62.7 in May, surpassing consensus. The index now alternates gains vs. losses in the 94.00 neighbourhood, looking to revert yesterday’s sharp retracement following Tuesday’s multi-month peaks just above 95.00 the figure, all ahead of tomorrow’s critical Non-farm Payrolls figures for the month of May. US Dollar relevant levels As of writing the index is losing 0.05% at 94.06 and a breakdown 93.71 (low May 31) would open the door to 93.64 (23.6% Fibo of the April-June up move) and finally 93.41 (21-day sma). On the upside, the next up barrier aligns at 93.98 (10-day sma) seconded by 95.01 (2018 high May 29) and finally 95.15 (monthly highs Oct/Nov. 2017). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Commerce Sec Ross: Even if EU and others retaliate, impact on US econ won’t be much FX Street 5 years The index moves back above the 94.00 handle. Yields of the US 10-year note drop to test 2.82%. US Core CPI, Personal Spending came in above estimates. The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, has managed to bounce off session lows and regains the 94.00 barrier and above so far. US Dollar looks to extend the rebound After bottoming out in the 93.80/70 band during early trade, the index managed to attract some buying attention and is now moved beyond 94.00 the figure as the risk-associated complex is facing some renewed… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
