The index extends the march north past the 106.00 mark.
Higher US yields continue to underpin the rally in the dollar.
US housing data, Consumer Confidence, Fed’s Bowman next on tap.
The greenback, in terms of the USD Index (DXY), adds to the ongoing rally and surpasses the 106.00 hurdle to print new 2023 peaks on turnaround Tuesday.
USD Index looks at yields, data
The index advances for the third session in a row on Tuesday and reclaims the area above the 106.00 barrier on the back of the intense buying interest around the greenback, higher US yields across the curve and further weakness in the risk complex.
The perception that the Federal Reserve might remain in the restrictive territory for longer than anticipated continue to underpin the rally in the greenback, while the equally strong upside bias in US yields across different time frames also contributes to the upbeat mood around the index.
Later in the US data space, Consumer Confidence tracked by the Conference Board should be in the limelight seconded by FHFA’s House Price Index, New Home Sales and the speech by FOMC Governor M. Bowman (permanent voter, hawk).
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