The dollar has lifted out of lows seen yesterday, which were a product of a drop in long-dated U.S. yields following sub-forecast April ISM and March construction data. The narrow trade-weighted DXY USD index lifted back to near 92.20 after posting a low at 90.87. This returns focus back on yesterday’s two-week peak at 91.39. […]
The Dollar was mixed through the N.Y. session on Tuesday, though the DXY ended on a firmer footing, up over 0.3% on the day to 91.29 highs. Data misses dented USD sentiment to a degree, as the March trade deficit widened to a record, and factory orders missed consensus expectations. Wall Street was sharply lower, […]
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