US Dollar clinches tops around 90.30, Fedspeak eyed

• The index accelerated the upside to tops beyond the 90.00 mark.
• US 10-year yields ease from daily tops around 2.77%.
• FOMC’s L.Brainard will speak on ‘Financial Stability’ next.

The greenback, in terms of the US Dollar index (DXY), has now recovered the smile and gathers further traction above the psychological 90.00 barrier.

US Dollar in 2-week peaks

The index reverted the negative start of the week and has now regained the critical 90.00 barrier and above, moving to fresh 2-week tops in the vicinity of 90.30 at the same time.

In fact, sentiment in the risk-associated space turned sour on Tuesday and is currently lending extra legs to the demand for the buck, taking the S&P500 to the negative territory for the second session in a row so far (particularly following another attack from President Trump to Amazon via Twitter).

In the data space, US IBD/TIPP index came in below initial estimates at 52.6 and lower than the previous 55.6 reading.

Next of relevance for the greenback will be the speech by FOMC’s L.Brainard (permanent voter, dovish) on ‘Financial Stability’.

US Dollar relevant levels

As of writing the index is up 0.20% at 90.23 and a break above 90.44 (high Mar.20) would target 90.93 (high Mar.1) and finally 91.00 (high Jan.18). On the flip side, immediate contention lies at 88.94 (low Mar.27) seconded by 88.44 (low Jan.26) and then 88.25 (2018 low Feb.16).