US Dollar upside faltered ahead of 93.00

• The index fades the earlier spike to the vicinity of the 93.00 handle.
• US 10-year yields still depressed around lows near 2.94%.
• Fedspeakers to drive sentiment later in the day.

The rally in the US Dollar Index (DXY), which tracks the buck vs. a basket of its main rival, remains everything but abated on Monday, currently orbiting around the 92.80 area after a bull run to the boundaries of 93.00 the figure, or fresh yearly tops.

US Dollar now looks to data

The index is up for the fourth consecutive week so far on Monday, briefly poking the vicinity of the key 93.00 milestone just to lose some ground soon afterwards.

The up move in the buck has been in spite of yields of the US 10-year note has been depressed as of late in the area of recent lows, unable to regain traction after hitting multi-year tops beyond the 3.0% level a couple of weeks ago.

Later in the day, and with the attention on the buck, Atlanta Fed R.Bostic (voter, centrist), Richmond Fed T.Barkin (voter, centrist), Dallas Fed R.Kaplan (non voter, hawkish) and Chicago Fed C.Evans (2019 voter, dovish) are all due to speak.

US Dollar relevant levels

As of writing the index is gaining 0.30% at 92.84 and a breakout of 92.98 (2018 high May 7) would open the door to 93.68 (78.6% Fibo of 95.15-88.25) and then 94.22 (high Dec.12 2017). On the other hand, initial contention emerges at 91.95 (200-day sma) seconded by 91.70 (50% Fibo of 95.15-88.25) and finally 90.85 (21-day sma).