- The index is retreating from tops and stays around 95.20.
- Yields of the US 10-year noye climb to fresh tops beyond 3.08%.
- US ISM Manufacturing coming up next on the docket.
The greenback, in terms of the US Dollar Index (DXY), has reverted the initial positive momentum and is now gyrating around the 95.20 region.
US Dollar Index now looks to ISM
The index is now struggling for direction after climbing beyond the 95.30 level earlier in the day. Despite the correction lower, DXY manages well to keep business above the 95.00 milestone for the time being.
The greenback is attempting to extend the bid tone into this week, always on the back of persistent concerns around the Italian fiscal sector and the offered bias in the risk-associated complex.
In the US data space, the always-relevant ISM Manufacturing for the month of September is next on tap ahead of the speech by Boston Fed E.Rosengren (2019 voter, centrist).
US Dollar Index relevant levels
As of writing the index is losing 0.02% at 95.16 and a breach of 93.81 (low Sep.21) would aim for 93.71 (monthly low Jul.9) and then 93.19 (monthly low Jun.14). On the other hand, the next hurdle emerges at 95.37 (high Sep.28) seconded by 95.74 (monthly high Sep.4) and finally 96.04 (50% Fibo of the 2017-2018 drop).
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