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4/28/2021 7:50:44 AM GMT | By Pablo Piovano
DXY extends the upside beyond the 91.00 mark.
US yields tick higher and lend support to the dollar.
The FOMC is largely expected to keep its accommodative stance.
The greenback, when tracked by the
US Dollar Index (DXY), climbs to new 3-day highs above the 91.00 hurdle on Wednesday.
US Dollar Index bid ahead of FOMC
The index extends the weekly recovery and posts gains for the third consecutive session on Wednesday amidst the rebound in US yields.
In fact, yields of the US 10-year note manage to regain the vicinity of the 1.65% level, broadening the bounce off recent lows in the 1.53% zone.
Apr 27, 2021 09:46 GMTFXStreet News
DXY adds to Monday’s small gains and approaches 91.00.
Steady US 10-year yields navigate the su-1.60% region so far.
Consumer Confidence, housing data, 7-year auction next on tap.
The
US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors manages to extend the recent optimism and trades at shouting distance from the key 91.00 hurdle on turnaround Tuesday.
US Dollar Index looks to data, risk trends
After bottoming out in fresh monthly lows near 90.70 at the beginning of the week, the index now looks to extend the positive start of the week and gradually approaches the key hurdle at 91.00 the figure.
DXY adds to Tuesday’s advance above the 91.00 level. US 10-year yields look consolidative around the 1.55% region. MBA Mortgage Applications, EIA report