The US Dollar is challenging 2017Tiefs in the vicinity of 98.30

FXStreet — The selling pressure against the Greenback today, and so the US Dollar Index is now testing the year’s low in the range of 98.30.

The US Dollar is weaker with Trump, waiting for data

The USD accelerated its backward movement, after the Washington Post published an article stating that President Trump shared important information with the Russian Ambassador and Minister of foreign Affairs at the Meeting in the last week.

The Index is intensifying its weekly decline and the new year has been deeply formed by 98,30, before the opening bell sounded on Wall Street.

The yields on the US money markets have recovered from their recent lows quickly and get up-to-date the 10-year yield is Currently testing the High-to 2,36%.

According to Reuters FedWatch Tool, the possibility for an interest rate increase next month, at just over 64%, which is more than 20% less than last week.

To expect data on the U.S. housing starts, building permits and industrial production, and Manufacturing.

USD relevant levels

Currently, the daily loss -0,49% was 98.33 and the next supports is at 96,94 (Tief 4. November 2016), 95,91 (Deep-9. November 2016) and 94,95 (Deep 22. September 2016). On the other hand, Resistances at 99,07 (20-day SMA), 99,20 (200-day SMA / 12-month resistance line) and 99,77 (High 11. May).

** FXStreet News Editorial, FXStreet**

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