1760The pair prints fresh daily lows in the 1. The greenback picks up pace and pushed DXY to 93. After recording fresh YTD tops, the greenback eases some ground. 1900 on weak US PPIThe pair gains extra ground on lower-than-expected US PPI. 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. Today, US currency continues to recover its positions on good statistical data. 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. USD CPI, retail sales next of relevance. USD pair quickly retreated around 60-65 pips from session tops and refreshed over 2-week lows in the last minute.