The dollar built on the rebound that commenced from yesterday’s trend lows, when above-forecast U.S. economic data and fresh record highs on Wall Street prompted some profit taking on short positions. The narrow trade-weighted USD index (DXY) posted a five-day high at 92.68. EUR-USD concurrently posted a five-day low at 1.1852, extending the correction from yesterday’s 28-month high at 1.2012. The drop has been concomitant with the 10-year Bund yield falling 3.0 bp juxtaposed to a 1.2 bp rise in the 10-year U.S. T-note yield.
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