The USD Index (DXY), which measures the greenback vs. a basket of its main competitors, remains under pressure and drops to multi-week lows near 105.4
The index extends the bearish move to the 105.40 region. US yields look poised to continue their march south on Tuesday. Flash Manufacturing/Services PMIs take centre stage later in the session. 0 on turnaround Tuesday. USD Index weaker on risk-on trade, looks at data The index loses ground for the fourth session in a row so far on Tuesday, coming under further pressure as geopolitical concerns appear somewhat alleviated, while US yields also lose some momentum.
00 support with certain conviction on Tuesday In the meantime, support for the dollar keeps coming from the good health of the US economy, which at the same time appears underpinned by the renewed tighter-for-longer stance narrative from the Federal Reserve.
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