DXY looks around the 90.00 level on Friday. US 10-year yields creep back above 1.60%. Core PCE, U-Mich Index, Biden’s budget next of note. The greenback reverses Thursday’s pullback and looks to extend the weekly recovery above the 90.00 yardstick when tracked by the US Dollar Index (DXY). US Dollar Index focuses on data, Biden The index manages to regain the smile and keep business around the key 90.00 neighbourhood at the end of the week, leaving behind at the same time Thursday’s pullback. The better mood in the dollar comes in response to the recovery in US yields and speculations ahead of President Biden’s announcement of a multi-trillion budget (scheduled for later in the NA session). In fact, yields of the key US 10-year reference extend the move further north of the 1.60% mark following weekly lows in the 1.55% area. The US data space looks very interesting with the releases of Core PCE, Personal Income/Spending, the final Consumer Sentiment gauge for the month of May, Goods Trade Balance and Wholesale Inventories. What to look for around USD The index remains under pressure despite regaining the 90.00 neighbourhood in past hours. Looking at the broader scenario, the negative stance on the dollar seems to prevail among market participants, as speculation of higher inflation in the medium-term now looks to have lost momentum and the US economic outperformance narrative seems almost fully priced in. Bolstering the bearish view on the buck emerges further confirmation of the Fed’s mega-accommodative stance for the foreseeable future, as per recent FOMC Minutes and Fed-speakers. Key events in the US this week: Core PCE, Personal Income/Spending, final U-Mich Index, President Biden’s budget announcement (Friday). Eminent issues on the back boiler: Biden’s plans to support infrastructure and families, worth nearly $6 trillion. US-China trade conflict under the Biden’s administration. Tapering speculation vs. economic recovery. US real interest rates vs. Europe. Could US fiscal stimulus lead to overheating? US Dollar Index relevant levels Now, the index is gaining 0.14% at 90.13 and a breakout of 90.90 (weekly high May 11) would open the door to 91.08 (100-day SMA) and finally 91.43 (monthly high May 5). On the flip side, the next support is line up at 89.53 (monthly low May 25) followed by 89.20 (2021 low Jan.6) and then 88.94 (monthly low March 2018). 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 CAD: Vulnerable To A Potential Renewed Deterioration In Risk Sentiment – Credit Agricole Kenny Fisher 2 years DXY looks around the 90.00 level on Friday. US 10-year yields creep back above 1.60%. Core PCE, U-Mich Index, Biden's budget next of note. The greenback reverses Thursday's pullback and looks to extend the weekly recovery above the 90.00 yardstick when tracked by the US Dollar Index (DXY). US Dollar Index focuses on data, Biden The index manages to regain the smile and keep business around the key 90.00 neighbourhood at the end of the week, leaving behind at the same time Thursday's pullback. The better mood in the dollar comes in response to the recovery in US yields and… 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.