The greenback drops to lows in sub-93. 2150 as USD eases-off three-month tops. ECB decision to provide fresh direction to the common currency. USD drops furtherEUR weakness accelerates and drags the pair to lows near 1. USD firmer, tests and surpasses the critical 90. USD clinches fresh tops near 1.
2370Further USD-weakness is propping up the bull run to 1. DXY threatens to re-visit recent lows in the 89. US Dollar pushes higher near 90. 60The index is navigating the 90. US 10-year yields remain sidelined around 2. 2200While EUR edged below last Friday’s 1. 2259 low, it recovered without testing the strong 1.
The rebound from a low of 1. USD flirting with lowsEUR continues to be weighed down by Draghi’s dovish tone. A modest USD recovery adds to the downward pressure. The US inflation to provide the next direction. 2360Spot regained buying interest and climbed to highs near 1. USD started the week on a weak fashion, stays below 90.