US Dollar losing the grip near 89.70

• The index keeps the upper end of the range near 89.80/70.
• US 10-year yields recede from tops, around 2.83%.
• US JOLTs Job Openings and U-Mich gauge next on tap.

After briefly testing the boundaries of the 90.00 handle on Thursday, the greenback – tracked by the US Dollar Index (DXY) – has now given away some gains and keeps the trade around the 89.80/70 band.

US Dollar looks to data, Fedspeak

Easing geopolitical concerns have lent some oxygen to the buck as of late, motivating the index to reclaim the psychological 90.00 handle albeit losing some upside momentum soon afterwards.

The moderate rebound in DXY has been in tandem with a test of fresh tops in yields of the key US 10-year benchmark, which advanced to the area beyond the 2.84% handle.

Later in the NA session, JOLTs Job Openings is due along with the preliminary gauge of Consumer Sentiment. In addition, Boston Fed E.Rosengren (2019 voter, centrist) will speak on Economic Outlook followed by St. Louis Fed J.Bullard (2019 voter, dovish) and Dallas Fed R.Kaplan (non-voter, hawkish).

US Dollar relevant levels

As of writing the index is losing 0.06% at 89.70 facing the next support at 89.40 (low Apr.11) seconded by 88.94 (low Mar.27) and then 88.25 (2018 low Feb.16). On the other hand, a breakout of 89.95 (high Apr.12) would aim for 90.60 (high Apr.6) and finally 90.89 (38.2% Fibo of 95.15-88.25).