The index adds to Wednesday’s gains in the 89.60 region. Investors’ attention remains on recent developments in Washington. Claims, ISM Non-Manufacturing, Fedspeak next of relevance in the docket. The greenback, when tracked by the US Dollar Index (DXY), appears to have regained some composure and advances to fresh daily highs in the 89.60 region. US Dollar Index looks to politics, yields, data The index so far advances for the second session in a row on Thursday on the back of the resumption of some risk aversion mood and the recent recovery in yields of the key US 10-year benchmark to levels above the key 1.0% mark. In fact, US yields extend the surpass to levels last seen in late March 2020 above the 1.0% mark, collaborating further with the change of mood around the buck. Nothing really new from the FOMC Minutes released on Wednesday, where the Committee still sees the economy losing traction in the next months despite the boost of optimism from the vaccine rollout. A very interesting session data wise in the US, with the usual Initial Claims due in first turn seconded by the ISM Non-Manufacturing and speeches by Philly Fed P.Harker (2023 voter, hawkish), St. Louis Fed J.Bullard (2022 voter, dovish) and Chicago Fed C.Evans (voter, centrist). What to look for around USD The index regains some buying interest and manages to leave behind recent lows in the 89.20 region, mainly on the back of the recovery of US 10 yields while the risk complex seems to be taking a breather. However, the outlook for the greenback remains immersed into the bearish side 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 0.10 at 89.61 and a breakout of 91.01 (weekly high Dec.21) would aim for 91.23 (weekly high Dec.7) and finally 91.92 (23.6% Fibo of the 2017-2018 drop). On the other hand, the next support 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 USD/CAD struggles for direction, confined in a range below 1.2700 mark FX Street 2 years The index adds to Wednesday’s gains in the 89.60 region. Investors’ attention remains on recent developments in Washington. Claims, ISM Non-Manufacturing, Fedspeak next of relevance in the docket. The greenback, when tracked by the US Dollar Index (DXY), appears to have regained some composure and advances to fresh daily highs in the 89.60 region. US Dollar Index looks to politics, yields, data The index so far advances for the second session in a row on Thursday on the back of the resumption of some risk aversion mood and the recent recovery in yields of the key US 10-year benchmark to… 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.