- US Dollar Index fades the week-start rebound from the lowest levels since June 2022.
- US Treasury bond yields struggle for clear directions amid mixed clues about Fed policy pivot.
- Long weekend in the US markets also allowed DXY to lick its wounds before recalling the bears.
- China Q4 GDP, US Retail Sales for December are the key for US Dollar Index watchers.
US Dollar Index (DXY) fails to extend the week-start recovery moves, easing back to 102.30 during the early hours of Tuesday, as full markets probe US Treasury bond sellers amid easing fears of high inflation and concerns surrounding the US “soft landing”.
That said, the benchmark US 10-year Treasury bond yields seesaw around 3.525% after extending the bounce off the one-month low the previous day. It’s worth noting that the two-year US bond coupons remain indecisive at around 4.25% by the press time.
The greenback’s gauge versus the six…
