DXY rebounds from the 98.90 region, or daily lows. Yields of the US 10-year note tested peaks around 1.56%. US FOMC minutes next of significance on the calendar. After bottoming out in the 98.90 region earlier in the day, the Greenback has now regained the 99.00 neighbourhood when gauged by the US Dollar Index (DXY). US Dollar Index now looks to FOMC minutes The index failed to add to recent gains further north of the 99.00 handle earlier in the session, sparking a knee-jerk to daily lows in the 98.90 area, where some decent support appears to have emerged. The rebound in the buck came in tandem with a better tone in yields of the key US 10-year reference, managing to rebound from the sub-1.52% area to levels beyond the 1.56% handle. In the meantime, investors (and the Greenback) remain vigilant on the developments from the US-China trade talks due to kick in tomorrow in Washington, always amidst a pretty divided consensus over the potential outcome. Later in the NA session, the buck is expected to remain under scrutiny, as the FOMC minutes is expected to shed further details of the Committee’s decision to cut rates at the September meeting. Additional data will see JOLTs Job Openings, Wholesale Inventories and the weekly report on US crude oil supplies by the DoE. What to look for around USD The Greenback has started the week on a better mood and it has managed to regain the 99.00 neighbourhood. Renewed US recession jitters and Fed easing chatter weighed on the buck during last week, particularly after the awful prints from the ISM gauges and the mixed employment report for the month of September. In the very near term, investors’ focus will be on today’s FOMC minutes and US-China high-level trade talks (Thursday and Friday). Despite evidence that the US economy could be losing some momentum, the labour market remains strong as well as consumer spending, while the recent pick up in inflation adds to the auspicious domestic scenario vs. the generalized slowdown in most of overseas economies. On the broader view, the constructive outlook in DXY looks a bit damaged but it still is in play amidst a divided FOMC vs. a broad-based dovish stance from the rest of the G-10 central banks. In addition, the positive view on USD remains well sustained by its safe haven appeal and the status of ‘global reserve currency’. US Dollar Index relevant levels At the moment, the pair is losing 0.07% at 99.05 and faces the next support at 98.76 (21-day SMA) seconded by 98.34 (55-day SMA) and finally 97.86 (monthly low Sep.13). On the upside, a breakout of 99.67 (2019 high Oct.1) would aim for 99.89 (monthly high May 11 2017) and then 100.00 (psychological handle). 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 Forex News Today: Daily Trading News share Read Next UK: Economy guided by Brexit developments – Rabobank FX Street 3 years DXY rebounds from the 98.90 region, or daily lows. Yields of the US 10-year note tested peaks around 1.56%. US FOMC minutes next of significance on the calendar. After bottoming out in the 98.90 region earlier in the day, the Greenback has now regained the 99.00 neighbourhood when gauged by the US Dollar Index (DXY). US Dollar Index now looks to FOMC minutes The index failed to add to recent gains further north of the 99.00 handle earlier in the session, sparking a knee-jerk to daily lows in the 98.90 area, where some decent support appears to have emerged. The… 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.