US Dollar Index falls back below 107.00 but downside remains limited as Treasury yields remain high
04.10.2023, 22:02

US Dollar Index falls back below 107.00 but downside remains limited as Treasury yields remain high

  • The US Dollar Index sees a mild decline for Wednesday, slipping back past the 107.00 level.
  • Downside momentum likely to remain limited as US Treasury yields, US economic data continue to hold on the high end.
  • The DXY is up 3.2% on the year, 7.25% from 2023's lows.

The US Dollar Index (DXY) saw some minor declines on Wednesday, with the major currency index declining around 0.3% for the mid-week trading session.

The Dollar Index has drifted away from the week's eleven-month high at 107.35, but downside moves are likely to remain limited as the DXY remains bolstered by rising US Treasury yields and an overall healthy economic outlook for the US economy, albeit with a few hotspots.

Forex Today: Dollar slides but still rules

US Treasuries saw continued upside for Wednesday, with the 10-year Treasury yield hitting 4.88% during the day's trading, a seventeen-year high.

US ADP employment data showed an 89K uptick in private payroll positions, far below the forecast 153K, but jobs are still being created in the US economy.

Next up on Thursday will be US Jobless Claims, and investors will be looking ahead to Friday's Non-Farm Payrolls (NFP), which is forecast to show a minor downtick from 187K to 170K.

DXY technical outlook

The US Dollar Index opened up Wednesday trading falling to an intraday low of 106.51 before catching an early ride to a daily high of 106.99, but was unable to hold onto the 107.00 handle and enters the Thursday trading session cycling 106.80.

Intraday price action is catching technical support from the 100-hour Simple Moving Average (SMA) near 106.60, with the 200-hour SMA pushing into 160.40.

The DYX continues to rise from the year's lows, riding a bullish trendline from 99.50 and long-term Dollar bulls will be looking to make a decisive push into 108.00.

DXY daily chart

DXY technical levels

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik