US Dollar keeps the bid tone near 90.70

• The index remains well bid in the upper-90.00s for now.
• US 10-year yields eases from tops near the 3.0% key level.
• Chicago Fed index missed expectations at 0.10 in March.

The greenback, in terms of the US Dollar Index (DXY), keeps the buying bias unchanged so far on Monday, hovering over the 90.70/65 band so far.

US Dollar looks to data, yields

The index is prolonging the positive streak on Monday, flirting with the area of multi-week tops and challenging the 100-day sma in the 90.70s region against the backdrop of increasing risk on sentiment.

Higher yields in the US 10-year note have been propping up the climb in the buck as of late, although the psychological 3.0% level poses a formidable barrier for the time being.

In the data space, the Chicago Fed index missed initial estimates on Monday ahead of Markit’s Manufacturing PMI and Existing Home Sales for the month of March.

US Dollar relevant levels

As of writing the index is up 0.37% at 90.66 and a break above 90.74 (high Apr.23) would open the door to 90.89 (38.2% Fibo of 95.15-88.25) and finally 90.93 (high Mar.2). On the other hand, the next down barrier lines up at 89.81 (10-day sma) followed by 89.23 (low Apr.17) and then 88.94 (low Mar.27).