- The index bounces off the area of multi-month lows near 101.60.
- The resurgence of the risk-off sentiment props up the dollar.
- The CB Leading Index, short-term auctions come next in the session.
The USD Index (DXY), which tracks the greenback vs. a basket of its main rival currencies, manages to leave behind the earlier pessimism and reclaims the area beyond the 102.00 yardstick at the beginning of the week.
USD Index rebounds from the 101.60 region
The index attempts a moderate recovery and sets aside two consecutive daily pullbacks on the back of the re-emergence of the risk-off mood, while further gains in US yields also prop up the upside bias in the dollar on Monday
Indeed, US yields across the curve and the German 10-year benchmark extend the recent recovery and navigate the area of multi-day peaks.
Later in the NA session, the Conference Board will publish its Leading Index followed by 3-month/6-month bill auctions.
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