5/3/2021 7:02:49 AM GMT | By Pablo Piovano
DXY reverses Friday’s gains above the 91.00 mark.
US yields struggle for direction above 1.60% so far.
The ISM Manufacturing will take centre stage later in the session.
The greenback, when tracked by the
US Dollar Index (DXY), has so far met a decent hurdle around 91.40 at the beginning of the week.
US Dollar Index looks to data
The index reverses the initial optimism and fades earlier gains to the 91.40 area despite the steady performance of US yields and against the backdrop of the rising optimism on the US economic rebound.
In fact, the latter remains supported by better-than-expected results in domestic fundamentals in past weeks as well as the solid pace of the vaccination campaign.