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Daily Financial Market News

Tue, 21 Nov 2017 15:35:45 Z

US Dollar around 93.90 post-US data

US Dollar around 93.90 post-US data Skip to main content Follow us on: | FXStreet Blog |    Newsletter MENU Show navigation FXStreet FXStreet - The forex market Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Correlations Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Live Video SECTIONS Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads Contest Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Correlations Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Live Video SECTIONS Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads Contest ; NEWS | 15:35 GMT US Dollar around 93.90 post-US data By Pablo Piovano US existing home sales surprised to the upside. US 10-year yields drop to lows near 2.34%. DXY apathetic, stays within daily range. Measured by the US Dollar Index (DXY), the greenback keeps the negative tone intact around the 93.90 area today in the wake of US data releases. US Dollar offered, yields fall further The index met extra downside pressure despite US existing home sales came in on a strong note in October, expanding 2% inter-month to 5.48 million units. Earlier in the session, the Chicago Fed National Activity index rose to 0.65 in October, surpassing both estimates and September’s reading. The knee-jerk in the buck came in tandem with a drop in yields of the key US 10-year benchmark to fresh lows near the 2.33% handle, around 4 bps lower than daily highs. Ahead in the week, October’s durable goods orders are due tomorrow seconded by initial claims and the final print of the Reuters/Michigan index, all preceding the FOMC minutes. It is worth recalling that US markets will be closed on Thursday and Friday due to the Thanksgiving Day holiday. US Dollar relevant levels As of writing the index is retreating 0.13% at 93.95 and a breakdown of 93.60 (100-day sma) would aim for 93.43 (55-day sma) and finally 93.40 (low Nov.15). On the other hand, the initial hurdle lines up at 94.15 (10-day sma) seconded by 94.37 (21-day sma) and then 95.15 (high Nov.7). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. 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