- DXY advances beyond 90.00
- US 10-year yields sees gains above 1.12%.
- Fed speak, ECB’s Lagarde in focus later
The US Dollar Index (DXY), which measures the USD against its major peers builds on gains beyond the key 90.00 level..
US Dollar Index eyes yields, politics
The US Dollar index trends higher for the fourth consecutive session on Monday, breaking out above at 90.00 the figure.
The yields in US money markets – especially the 10-year benchmark dictate mood surrounding the USD.
With regard to US politics and after last week’s chaos in Washington, investors are looking to January 20th, when President elect J.Biden will be sworn in as US President.
Later in the US session, Atlanta Fed R.Bostic is due to speak, Meanwhile, ECB’s C.Lagarde will appear in a discussion panel On Monday