US DOLLAR INDEX REGAINS THE SMILE AND RE-TARGETS 107.00

• DXY reverses the recent weakness and approaches 107.00.
• US yields advance marginally across the curve on Monday.
• The Chicago Fed National Activity Index will take centre stage later.

The greenback, in terms of the US Dollar Index (DXY), manages to reclaim some ground lost and trades close to the 107.00 region at the beginning of the week.

US DOLLAR INDEX FOCUSES ON FOMC, DATA

The index trades with decent gains after two consecutive daily pullbacks on Monday and approach the key 107.00 barrier on the back of some correction in the risk-associated universe.

In the US money markets, the recent strong appetite for bonds appears somewhat mitigated ahead of the opening bell in the old continent, lending in return some support to yields across the curve.