{"id":168493,"date":"2023-10-05T04:21:10","date_gmt":"2023-10-04T22:51:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=168493"},"modified":"2023-10-05T04:21:10","modified_gmt":"2023-10-04T22:51:10","slug":"us-dollar-index-falls-back-below-107-00-but-downside-remains-limited-as-treasury-yields-remain-high-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/us-dollar-index-falls-back-below-107-00-but-downside-remains-limited-as-treasury-yields-remain-high-crypto-news\/","title":{"rendered":"US Dollar Index falls back below 107.00 but downside remains limited as Treasury yields remain high &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The US Dollar Index sees a mild decline for Wednesday, slipping back past the 107.00 level.<\/strong><\/li>\n<li><strong>Downside momentum likely to remain limited as US Treasury yields, US economic data continue to hold on the high end.<\/strong><\/li>\n<li><strong>The DXY is up 3.2% on the year, 7.25% from 2023&#8217;s lows.<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Index (DXY) saw some minor declines on Wednesday, with the major currency index declining around 0.3% for the mid-week trading session.<\/p>\n<p>The Dollar Index has drifted away from the week&#8217;s eleven-month high at 107.35, but downside moves are likely to remain limited as the DXY remains bolstered by rising US Treasury yields and an overall healthy economic outlook for the US economy, albeit with a few hotspots.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/forex-today-dollar-slides-but-still-rules-202310042022\">Forex Today: Dollar slides but still rules<\/a><\/p>\n<p>US Treasuries saw continued upside for Wednesday, with the 10-year Treasury yield hitting 4.88% during the day&#8217;s trading, a seventeen-year high.<\/p>\n<p>US ADP employment data showed an 89K uptick in private payroll positions, far below the forecast 153K, but jobs are still being created in the US economy.<\/p>\n<p>Next up on Thursday will be US Jobless Claims, and investors will be looking ahead to Friday&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\">Non-Farm Payrolls<\/a> (NFP),\u00a0which is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">forecast<\/a> to show a minor downtick from 187K to 170K.<\/p>\n<h2 class=\"fxs_headline_medium\">DXY technical outlook<\/h2>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar Index<\/a> opened up Wednesday trading falling to an intraday low of 106.51 before catching an early ride to a daily high of 106.99, but was unable to hold onto the 107.00 handle and enters the Thursday trading session cycling 106.80.<\/p>\n<p>Intraday price action is catching technical support from the 100-hour Simple Moving Average (SMA) near 106.60, with the 200-hour SMA pushing into 160.40.<\/p>\n<p>The DYX continues to rise from the year&#8217;s lows, riding a bullish trendline from 99.50 and long-term Dollar bulls will be looking to make a decisive push into 108.00.<\/p>\n<h2 class=\"fxs_headline_medium\">DXY daily chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">DXY technical levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The US Dollar Index sees a mild decline for Wednesday, slipping back past the 107.00 level. Downside momentum likely to remain limited as US Treasury yields, US economic data continue to hold on the high end. The DXY is up 3.2% on the year, 7.25% from 2023&#8217;s lows. The US Dollar Index (DXY) saw [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,459,255,250,1380,252,247,253,249,256,254],"class_list":["post-168493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-dollarindex","tag-gta","tag-looks-rare","tag-nfp","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=168493"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168493\/revisions"}],"predecessor-version":[{"id":168494,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168493\/revisions\/168494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15693"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=168493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=168493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=168493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}