The Dollar Index above 104.50 looks bullish to 105.50 and higher.
Good Morning! Euro is likely to head towards 1.07-1.065 in the medium term if holds below 1.08 which can open up 106-106.50 on the Dollar Index. Aussie and Pound have recovered a bit from yesterday’s low and can trade within the range of 0.6580-0.6720 and 1.28-1.26 respectively for a while.
is moving higher within its range of 168-170 while USDJPY is headed towards 158. has finally risen past 7.25 and now if sustained, can test 7.26/27 in the medium term. can trade within 89.50-91.25 region for some time. is likely to sustain trade within 83.60-83.20/83.00 region with a possible rise today towards 83.55/60. The US Treasury yields sustain higher. There is room to rise in the near-term before reversing lower again. The US Fed meeting outcome and the US CPI data release tomorrow are important to watch. The German yields continue to move higher. The uptrend is intact, and the yields can rise further in the coming days.
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