US Dollar Index (DXY) bulls take a breather at a two-month high, marked the previous day, as it retreats to 103.38 amid early Friday in Asia. In doing
so, the Greenback’s gauge versus the six major currencies tracks the US Treasury bond yields to pare the weekly gains, the fifth in a row, amid a light calendar and a silent news line.
The recently firmer United States statistics and the hawkish Fed Minutes could be linked to a shift in the market’s dovish bias about the US central bank. Elsewhere, downbeat concerns about China join the recent shift in the Fed bias and weigh on the sentiment, which in turn puts a floor under the US Treasury bond yields and the DXY. Late on Thursday, China’s second-large realtor, as well as the world's most heavily indebted property developer, Evergrande filed for protection from creditors in a US bankruptcy court on Thursday, per Reuters.
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