The rise of the US dollar lost momentum about 91.80
The US Dollar (DXY), which measures the dollar against a basket of its main competitors, has managed to cut some losses and is now flying above the 91.70 / 80 zone.
Lowest US Dollar on Data Performance
The index is on track to close the week in negative territory, reversing the previous advance while at the same time encountering strong resistance around the SMA of 200, today at 92.76.
Collaborating with the fall, the US 10-year benchmark yields keep trading close to daily lows, reversing a 10-day positive streak but closing on the positive side for the second consecutive week.
As for US data, Markit's preliminary manufacturing PMI came in at 53.0 for the current month, while services lost at estimates of 55.1. More news saw Kentucky Fed chairman E. George arguing that the economy could be working full employment, adding that weak inflation readings do not seem to be related to the weak economy.
Relevant levels of the US dollar
When writing, the index goes back 0.46% to 91.72 and a break below 91.53 (September 20 low) would open the door to 91.01 (low September 8) and finally 87.63 (low 16/12 2014).
At the top, the initial obstacle is aligned at 92.22 (SMA of 21) followed by 92.69 (maximum September 20) and then 93.26 (SMA of 55).
**FOREX NEWS REALTY
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