The index remains entrenched into the red territory. US 10-year yields drop and challenges 2.87%. US New Home Sales expanded more than expected 6.7% MoM. The US Dollar Index (DXY), which measures the greenback vs. a basket of its main rivals, remains on the defensive on Monday albeit appears well supported in the 94.30 region for the time being. US Dollar in multi-day lows The index intensifies the decline today, down for the third session in a row as investors remain vigilant on the US-China-EU trade front. The down move in DXY comes along a drop in yields of the key US 10-year reference to sub-2.87% area, or multi-day lows. In the data space, US New Home Sales surprised to the upside in May, expanding at a monthly 6.7%, or 689K units, while the Chicago Fed National Activity index came in on the soft side at -0.15. US Dollar relevant levels As of writing the index is losing 0.14% at 94.41 and a breach of 94.29 (low Jun.25) would open the door to 94.25 (21-day sma) and then 93.19 (low Jun.13). On the upside, the next resistance emerges at 95.53 (2018 high Jun.22) seconded by 96.00 (psychological level) and finally 96.51 (high Jul.4 2017). 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 US Energy Sec. Perry: Global oil market is stressed from standpoint of supply FX Street 3 years The index remains entrenched into the red territory. US 10-year yields drop and challenges 2.87%. US New Home Sales expanded more than expected 6.7% MoM. The US Dollar Index (DXY), which measures the greenback vs. a basket of its main rivals, remains on the defensive on Monday albeit appears well supported in the 94.30 region for the time being. US Dollar in multi-day lows The index intensifies the decline today, down for the third session in a row as investors remain vigilant on the US-China-EU trade front. The down move in DXY comes along a drop in yields of the… Top 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.
