DXY alternates gains with losses around the 90.00 region. Investors’ focus remains on US yields, politics. US CPI, Fedspeak, Beige Book next on tap in the calendar. The dollar, when tracked by the US Dollar Index (DXY), looks to leave behind Tuesday’s pullback and keeps gyrating around the 90.00 area on Wednesday. US Dollar Index looks to data, yields The index looks to resume the recent upside following Tuesday’s negative price action and after being rejected from so far yearly tops around 90.70 recorded on Monday. Higher yields in the US 10-year benchmark has been sustaining the recovery in the dollar along with rising concerns over the pick-up in coronavirus cases around the world despite the vaccine rollout. In additon, effervescence in the US political scenario appears to be gaining traction as President elect Biden gets closer to swear as the next US President (January 20th). In the US docket, December’s inflation figures will take centre stage later in the NA session seconded by the EIA’s weekly report on crude oil inventories and the Fed’s Beige Book. In addition, St. Louis Fed J.Bullard (2022 voter, dovish), FOMC’s L.Brainard (permanent voter, dovish), Philly Fed P.Harker (2023 voter, hawkish) and FOMC’s R.Clarida (permanent voter, dovish) are all due to speak throughout the session. What to look for around USD The index regained buying interest after bottoming out in the 89.20 area in the first trading week of the new year and managed to advance to the proximity of 90.70 so far this week, where some relevant resistance turned up. The recovery in US yields keeps lending support to the greenback as investors continue to perceive a potential pick-up in inflation pressure/expectations in response to the most likely increment in fiscal stimulus under a Democrat White House. However, the outlook for the greenback remains fragile in the short/medium-term for the time being amidst massive monetary/fiscal stimulus in the US economy, the “lower for longer” stance from the Federal Reserve and prospects of a strong recovery in the global economy. US Dollar Index relevant levels At the moment, the index is gaining 0.08% at 90.15 and a breakout of 90.72 (2021 high Jan.11) would open the door to 91.01 (weekly high Dec.21) and finally 91.23 (weekly high Dec.7). On the other hand, immediate contention is located at 89.20 (2021 low Jan.6) followed by 88.94 (monthly low March 2018) and the 88.25 (monthly low February 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 GBP/USD to resume the uptrend once above 1.3720 – Credit Suisse FX Street 2 years DXY alternates gains with losses around the 90.00 region. Investors’ focus remains on US yields, politics. US CPI, Fedspeak, Beige Book next on tap in the calendar. The dollar, when tracked by the US Dollar Index (DXY), looks to leave behind Tuesday’s pullback and keeps gyrating around the 90.00 area on Wednesday. US Dollar Index looks to data, yields The index looks to resume the recent upside following Tuesday’s negative price action and after being rejected from so far yearly tops around 90.70 recorded on Monday. Higher yields in the US 10-year benchmark has been sustaining the recovery in 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.