The greenback remains on the defensive near lows around 93.70. Yields of the US 10-year note climb to daily highs beyond 2.85%. Attention stays on US-China trade dispute, Trump-Putin meeting. The US Dollar Index, which gauges the buck vs. a basket of its main rivals, is extending the bearish mood at the beginning of the week although some support appears to have emerged near 93.70. US Dollar looks to trade, Trump The index is down for the second consecutive session so far on Monday, trading in the negative territory for yet another day as investors continue to adjust to June’s non-farm payrolls figures (Friday). The down move in the buck has been accompanied by a recovery in yields of the key US 10-year reference from post-Payrolls lows in the 2.80% neighbourhood to the current 2.85% area. Nothing worth mentioning in the US data universe, while all the attention should be on the upcoming Trump-Putin meeting and headlines from the US-China trade front. US Dollar relevant levels As of writing the index is down 0.21% at 93.82 and a breakdown of 93.71 (low Jul.9) would target 93.19 (low Jun.14) en route to 93.12 (38.2% Fibo of April-June up move). On the flip side, the next hurdle is located at 94.04 (23.6% Fibo of April-June up move) followed by 94.51 (10-day sma) and then 94.61 (21-day sma). 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 USD/TRY could visit 4.4595/4.4467 – Commerzbank FX Street 3 years The greenback remains on the defensive near lows around 93.70. Yields of the US 10-year note climb to daily highs beyond 2.85%. Attention stays on US-China trade dispute, Trump-Putin meeting. The US Dollar Index, which gauges the buck vs. a basket of its main rivals, is extending the bearish mood at the beginning of the week although some support appears to have emerged near 93.70. US Dollar looks to trade, Trump The index is down for the second consecutive session so far on Monday, trading in the negative territory for yet another day as investors continue to adjust to June's… Top 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.
