Apr 15, 2021 07:41 GMTFXStreet News
DXY is up smalls around 91.70 ahead of the European opening.
Fed’s Powell said the economy is expanding quickly.
Retail Sales, Initial Claims next of note in the calendar.
The greenback, in terms of the
US Dollar Index (DXY), trades slightly on the positive territory around the 91.70 region ahead of the opening bell in the European markets on Thursday.
US Dollar Index now looks to data
The index so far reverses three consecutive daily pullbacks and manages to rebound from recent multi-week lows in the mid-91.00s.
The leg lower in the dollar comes amidst the steady performance in yields of the key US 10-year reference, which remain side-lined around the 1.63% region for the time being.
4/15/2021 1:42:04 PM GMT | 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.
EUR/USD struggles for direction, still targets 1 2000 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Jan 12, 2021 10:27 GMTFXStreet News
EUR/USD trades flat in the mid-1.2100 on turnaround Tuesday.
US politics, yields keep dominating the FX universe so far this week.
Retail Sales in Italy contracted nearly 7% MoM in November.
The downside pressure in the single currency appears mitigated so far on turnaround Tuesday and motivates EUR/USD to hover around themed-1.2100s in the wake of te opening bell in Euroland.
EUR/USD looks to USD, pandemic, risk trends
EUR/USD is attempting to finally reverse three consecutive daily pullbacks and spark a more serious rebound after bottoming out in 3-week lows near 1.2130 at the beginning of the week.