US Dollar clings to gains above 90.00

• DXY on a better mood above the 90.00 handle on Monday.
• US yields find support in the 2.81% area so far today.
• ISM Non-manufacturing, Quarles, tariffs on Monday’s agenda.

The greenback, in terms of the US Dollar Index (DXY), is managing to keeps its daily gains so far above the psychological 90.00 handle.

US Dollar attention to Trump, data

The index is looking to carve a base around the lower bound of the recent range following two consecutive daily pullbacks from last week’s peaks in the boundaries of the key up barrier at 91.00 the figure.

The greenback lost upside momentum as of late in response to recently announced tariffs on US imports of steel and aluminum by President Trump. He down move has almost fully retraced the post-Powell rally, although the 90.00 neighbourhood appears to hold quite well for the time being.

On the positioning front, USD speculative net shorts stayed almost unchanged at 2-week tops during the week ended on February 27, as per the latest CFTC report.

Looking ahead, the ISM Non-manufacturing will grab all the attention later in the NA session, seconded by the speech by FOMC’s R.Quarles.

US Dollar relevant levels

As of writing the index is gaining 0.11% at 90.05 and a break above 90.93 (high Mar.1) would open the door to 91.00 (high Jan.18) ahead of 92.64 (2018 high Jan.9). On the flip side, the next down barrier lines up at 89.93 (10-day sma) seconded by 89.51 (low Feb.26) and finally 88.25 (2018 low Feb.16).