US Dollar targets 92.00 post-US data

• The index climbs further to the 91.90 area on US releases.
• US 10-year yields stasy depressed near 2.96%.
• US PCE rose in line with expectations 1.9% YoY.

The US Dollar Index (DXY), which tracks the buck vs. its main competitors, remains on a firm note and trades closer to the critical 92.00 milestone.

US Dollar bid near 92.00

The index caught fresh bids near the 91.90/92.00 handle after US inflation figures measured by the PCE rose in line with initial forecasts at an annualized 1.9% during last month.

In addition Personal Income rose less than expected 0.3% MoM and Personal Spending expanded at a monthly 0.4%.

Further data saw the Chicago PMI at 57.6 vs. 58.2 from prior surveys while Pending Home Sales expanded 0.4%, missing consensus.

DXY, in the meantime, keeps the healthy upside well and sound at the beginning of the week, adding to last week’s gains despite yields of the key US 10-year note retreated from recent tops beyond the 3.0% level.

US Dollar relevant levels

As of writing the index is up 0.34% at 91.81 and a break above 91.98 (200-day sma) would open the door to 92.52 (61.8% Fibo of 95.15-88.25) and finally 92.64 (high Jan.10). On the other hand, the next support emerges at 90.89 (38.2% Fibo of 95.15-88.25) followed by 90.72 (10-day sma) and then 89.95 (high Apr.20).