US Dollar parked in the mid-99.00s

The US Dollar Index – which gauges the buck vs. its main rivals – remains entrenched in the negative territory, although it has managed at least to rebound from daily lows near 99.30.

US Dollar weaker post-data

The selling sentiment around the buck has returned on Thursday after yesterday’s bullish attempt, leaving intact the broader bearish note that has been prevailing since last week and was intensified following President Trump’s comments on Friday.

USD remains unable to attempt any sustainable bounce despite yields in the US money markets stay on the rise for the second session in a row. In fact, the 10-year reference has regained the vicinity of the 2.25% level, coming up from fresh YTD lows near 2.16% recorded on Tuesday.

The greenback found no excuses to advance from the data space either, where the manufacturing gauge from the Philly Fed missed expectations and Initial Claims rose more than initially estimated on the week to April 14.

US Dollar relevant levels

The index is losing 0.28% at 99.43 facing the next support at 99.29 (low Apr.20) followed by 98.97 (200-day sma) and finally 98.67 (2017 low Mar.27). On the flip side, a break above 100.04 (38.2% Fibo of the March drop) would aim for 100.11 (20-day sma) and then 100.61 (55-day sma).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.