Followed by the US Dollar Index (DXY), the greenback remains firm and now registers new annual highs above 94.00.
US dollar grows despite US data
The dollar maintains the optimistic sentiment for another week and is now pushing the index to new highs at 94.20 / 30, levels that last operated in November 2017
The rebound in DXY is still healthy despite the yields of the 10-year US benchmark. They continue to correct downward from recent highs of several years and now threaten to re-evaluate the critical level of 2.90%.
With regard to more recent data
The dollar remained apathetic after the mixed results of the Durable Goods Orders last month, while the final publication of the US consumer sentiment. He disappointed the initial estimates at 98.8.
In addition, the USD gained more power after the US Defense Chief, Mattis, said that there is still the possibility of the Trump-Kim Jong-un summit being held. Meanwhile, DXY has closed its second consecutive week with gains, advancing in five of the last six weeks from the lows of mid-April in the 89.20 region.
Join our team | Core Business & Consulting JG | Let's Talk of Business
Business Bloger: http://corebusinessconsultingjg.gdeo.info/
Follow us: https://steemit.com/@corebusinessjg
Viuly.io: https://viuly.io/r/K8486325abc6583d