4/15/2021 1:42:04 PM GMT
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By Pablo Piovano
DXY meets support in the 91.50 area on Thursday.
Advanced Retail Sales crushed estimates in March.
Initial Claims dropped to multi-month lows last week.
The
US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, looks to rebound from recent lows in the 91.50 zone.
US Dollar Index ignores data
After bottoming out in the 91.50 region, or new 4-week lows, the index now manages to pick up some upside impulse amidst the broad-based consolidative mood and lower yields, all despite recent solid US data results.
In fact, yields of the US 10-year note slipped back below the 1.60% level on Thursday in spite of better-than-expected results from key US fundamentals.