US Dollar: bulls can give yourself a breather via 99.00

FXStreet The US Dollar Index, which the U.S. Dollar relative to other currencies on a trade-weighted Basis, compares, climbed on Tuesday to the highest level since the bearish price gap, which as a reaction to the first round of the French presidential election at 99,50 was born and began his gains to consolidate. The Index corrected in the last hour to 99.30 and prepares for the next rise. Most recently, he was listed on 99,40 and to 0.38 per cent in the Plus.

The financial markets are betting now on a rate increase by the Federal Reserve at the June meeting. So the probability of the CME Group FedWatch tool, jumped on Tuesday from 83.1 to 87.7 percent. In addition, the yield on 10-year US government bonds climbed for the first time since the beginning of April the mark of 2.4 per cent. Although deteriorated, the IBD/TIPP economic optimism , according to the latest survey of 51.7 to 51.3 points, but that was the positive sentiment towards the US Dollar, because the Index for the eighth month in a row persistent optimism signalled.

In the course of the day, the speech of the Fed chief of Dallas Robert Kaplan is still on the Agenda, which should respond to monetary policy and so a new impetus could be.

Technical Outlook

The next Resistances lie at 99,50 (daily high), 100.00 and 100,45 (High 13. April). Supports hinengen at 99.00 (psychological level), 98,50 (Deep 08. May) 97,60 (Deep 01. To find in November).

** FXStreet News Editorial, FXStreet**

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