The index loses momentum and tests the 94.70/65 band. US 10-year yields keep the topside near 2.87%. US consumer prices rose 0.1% MoM in June, less than forecasted. The greenback, gauged by the US Dollar Index (DXY), has given up part of its initial gains and has returned to the 94.70 region. US Dollar off highs on US CPI After moving higher to the boundaries of the critical 95.00 milestone, the index meet a wave of selling pressure after June’s US inflation figures came in below expectations. In fact, headline consumer prices rose at a monthly 0.1% and 2.9% over the last twelve months. In the same line, prices excluding food and energy costs rose 0.2% inter-month and 2.3% on a yearly basis. In the meantime, the buck remains wary on the ongoing trade effervescence between China and the US as well as Trump’s trip to Europe and his comments on the NATO. US Dollar relevant levels As of writing the index is up 0.05% at 94.79 and a breakout of 94.94 (high Jul.12) would open the door to 95.03 (high May 29) and then 95.53 (2018 high Jun.28). On the other hand, the next support emerges at 94.65 (21-day sma) followed by 94.45 (10-day sma) and then 94.04 (23.6% Fibo of the April-June up move). 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 USDJPY: Heightened positioning risks – TDS FX Street 5 years The index loses momentum and tests the 94.70/65 band. US 10-year yields keep the topside near 2.87%. US consumer prices rose 0.1% MoM in June, less than forecasted. The greenback, gauged by the US Dollar Index (DXY), has given up part of its initial gains and has returned to the 94.70 region. US Dollar off highs on US CPI After moving higher to the boundaries of the critical 95.00 milestone, the index meet a wave of selling pressure after June's US inflation figures came in below expectations. In fact, headline consumer prices rose at a monthly 0.1% and 2.9% over… 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.
