US Dollar off highs, still above 90.00

• DXY eases from 90.50.
• US 10-year yields failed just ahead of 2.90%.
• US politics in centre stage.

The greenback, when tracked by the US Dollar Index (DXY), is correcting lower at the end of the week and trades around the 90.15/10 band.

US Dollar vigilant on US politics

After advancing to the boundaries of 90.60 on Thursday, the index sparked a correction lower although it still manages well to keep business above the critical 90.00 handle. In the meantime, DXY is on its way to close the second consecutive week with gains, including fresh 2-week tops near 90.60.

USD is closely following the events in the US political scenario, where latest news showed that US senators are voting to pass a 2-year budget deal in order to keep the government operating.

The greenback keeps the negative tone so far today despite yields of the US 10-year note are now advancing to session tops near 2.86% after another failed attempt to visit 2.90%.

Nothing expected on the US data front today, whereas all the attention should stay around developments from the US Senate.

US Dollar relevant levels

As of writing the index is losing 0.15% at 90.17 facing the immediate support at 88.55 (low Feb.2) seconded by 88.42 (2018 low Jan.25) and finally 86.82 (weekly trend line off 72.70). On the flip side, a break above 90.57 (high Feb.8) would target 90.70 (high Jan.22) en route to 90.98 (high Jan.18).