US Dollar weaker, testing lows near 100.70

The US Dollar Index (DXY) – which tracks the buck vs. its main rivals, continues its slide from recent tops and is now challenging daily lows near 100.70.

US Dollar in 2-day lows

The index has accelerated the breach of the critical support at 101.00 the figure today, printing fresh 2-day lows in the 100.75/70 band following the poor performance from yields in the US money markets.

The US 10-year reference is extending the daily drop to levels near the 2.32% level, retracing further the spike post-US Payrolls to the boundaries of the 2.40% key barrier.

In the data sphere, US NFIB’s index matched estimates in March, while JOLTs Job Openings and the speech by Minneapolis Fed N.Kashkari (voter, dovish) are due later in the NA session.

US Dollar relevant levels

The index is losing 0.19% at 100.75 facing the initial support at 100.63 (55-day sma) followed by 100.46 (50% Fibo of the March drop) and finally 100.15 (20-days sma). On the other hand, a break above 101.22 (high Apr.10) would aim for 101.48 (78.6% Fibo of the March drop) and then 101.66 (high Mar.14).