The Overnight Report: Pause Before US Non-Farm Payrolls fnarena.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fnarena.com Daily Mail and Mail on Sunday newspapers.
US Dollar Index leaps to weekly tops beyond 91 00 forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
2/16/2021 2:29:54 PM GMT | By Pablo Piovano
DXY reverses the initial drop and regains the 90.50 area.
US Empire State index surprised to the upside in February.
Higher yields help in the dollar’s recovery on Tuesday.
The
US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, now regains the positive ground and retakes 90.50 and beyond.
US Dollar Index stronger on higher yields
The index leaves behind the initial pessimism and regains the smile on the back of the persistent move higher in US yields. Indeed, yields of the key US 10-year note climb further and record new yearly tops above 1.26%, area last visited in March 2020.