DXY 290224 4h Chart
U.S. Dollar Index settled near the 104.00 level after nna unsuccessful attempt to settle blow 103.75. Personal Income increased by 1% month-over-month in January, compared to analyst consensus of +0.4%. Personal Spending grew by 0.2%, in line with analyst estimates. Initial Jobless Claims report showed that 215,000 Americans filed for unemployment benefits in a week, compared to analyst consensus of 210,000. Treasury yields moved lower, but this move did not put pressure on the American currency.
In case U.S. Dollar Index climbs above 104.00, it will head towards the nearest resistance, which is located in the 104.35 – 104.55 range.
