From the FXWW Chatroom – We’ve been fielding a growing number of questions on today’s USD Rally. Nick Smith on our trading desk in London has noticed a number of key levels cross-asset class being tested:
1. DXY Breaking back above the previously important technical level of 97.20;
2. US 2y yields have broken up through previous resistance found at 0.75%;
3. US 10y yields are testing 2.20% and looking close to break above; and
4. S&P futures are testing the 2100 level……
All of the above boding well for the USD and adding to today’s bullish sentiment.