US Dollar Index pushes higher and approaches 102.00 By pabspiovano DollarIndex Currencies Majors
Yields extend the corrective downside along the curve., remains bid and now trades at shouting distance from the key 102.00 yardstick on turnaround Tuesday.The index advances fore the fourth consecutive session on Tuesday and records new cycle peaks just below 102.00 the figure, always on the back of the perseveringThe preference for the safe haven universe, in the meantime, keeps underpinning the demand for bonds and therefore putting US yields under persistent downside pressure.
Data wise in the US, all the attention will be on the release of the Consumer Confidence gauged by the Conference Board as well as Durable Goods Orders and results from the housing sector.The dollar faces renewed buying interest and challenges the 102.00 neighbourhood in the first half of the week amidst persistent risk-off mood and declining US yields.
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