US Dollar Index regains the smile and climbs to daily highs near 105.70
- The index reverses part of the recent pullback and tests 105.70.
- The risk aversion prevails in the global markets and bolsters the dollar.
- Chicago Fed C.Evans will speak later in the NA session.
The greenback manages to regain some balance and lifts the US Dollar Index (DXY) back to the 105.70 region on turnaround Tuesday.
US Dollar Index looks supported near 105.00
The index reverses the earlier drop to the proximity of the 105.00 mark and triggers a corrective upside to daily highs around 105.70 on Tuesday.
The move higher in the dollar comes on the back of the pick-up in the risk aversion mood among market participants, which appears also reflected in the persistent demand for bonds and the so far unabated downtrend in US yields across the curve.
Minor releases in the US calendar will include JOLTs Job Openings and the usual weekly report by the API on US crude oil inventories, all ahead of the…
