USD Index retreats for tops past the 103.00 mark – by pabspiovano DollarIndex Currencies Majors
US yields regain some upside traction after Friday’s drop., extends the optimism seen last Friday and briefly surpasses the 103.00 barrier on Monday.The index could not sustain the initial bull run past the 103.00 hurdle amidst some recovery in the risk complex, although the risk-off mood appears to prevail so far in the European morning.
Later in the session, all the attention will be on the release of the always relevant ISM Manufacturing seconded by the final Manufacturing PMI, both prints for the month of March. In addition, February’s Construction Spending and the speech by FOMC L. Cook are also due.The index regains the 103.00 region, as the risk-off sentiment seems to extend further into the European session on Monday.
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