US Dollar Index: Bulls look to add to the rebound above 102.00 By pabspiovano DollarIndex Currencies Majors
US yields extend the gradual move lower along the curve., which gauges the greenback vs. a bundle of its main rival currencies, advances modestly above the102.00 mark on Thursday.The index posts gains for the second session in a row on Thursday and looks to consolidate the breakout of the 102.00 yardstick and put further distance from Monday’s new lows in the 101.65/60 band.
In the US cash markets, yields extend the relentless corrective downside along the curve so far, in line with the performance in the rest of the global debt markets. In the meantime, a tighter rate path by the Federal Reserve looks more and more priced in, while the elevated inflation narrative and the tight labour market seem to still support further upside in the dollar in the longer run.
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