- DXY partially reverses Monday’s downtick to the mid-92.00s.
- US 10-year yields remain side-lined below the 1.30% mark.
- Durable Goods Orders, Consumer Confidence take centre stage.
The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, manages to regain some composure and advance to the 92.70 region.
US Dollar Index focused on data, Fed
The index fades part of the pessimism seen at the beginning of the week and manages to leave behind the area of recent lows near 92.50 and refocus on the upside around 92.70 on turnaround Tuesday.
The index reversed two consecutive sessions with gains on Monday. The move was on the back of steady US yields and a moderate improvement in the risk-associated universe, which motivated the dollar to extend the rejection from monthly tops near 93.20 recorded last week.
In the meantime, investors’ attention continues to gyrate around…