US Dollar Regains and Approaches 95

Tracked by the US Dollar Index (DXY), the greenback, stages a moderate comeback after bottoming out in multi-week lows near 94.60 at the end of the week. Following an initial drop to the 94.65/60 band, the index regains some composure and looks to return to the positive territory on Friday.

US Dollar Regains and Approaches 95

US Dollar: Collaborating with the bounce in the buck, US yields also manage to reverse the recent weakness and edge higher along the curve, with the 2y note approaching the 0.94% level, the belly flirting with 1.75% and the long end eyeing the 2.10% zone. In the domestic calendar, December’s Retail Sales came short of expectations after contracting 1.9% MoM and 2.3% MoM when it comes to the core reading.

Additional results for the month of December saw a 0.1% monthly drop in Industrial Production, while Manufacturing Production contracted 0.3% inter-month and Capacity Utilization deflated a tad to 76.5%. Closing the docket, the flash U-Mich Index is due seconded by November’s Business Inventories.

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US Dollar Regains and Approaches 95 via @marketinvestor
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