US Dollar firmer, eyes 90.00 ahead of Evans

• DXY trades closer to the 90.00 handle.
• US 10-year yields capped by 2.80%.
• Chicago Fed Evans next on tap.

The US Dollar Index (DXY), which tracks the buck vs. its main rival currencies, is extending the weekly upside today and continues to target the psychological handle at 90.00 the figure.

US Dollar focused on Fedspeak

The index is up for the fourth consecutive session so far on Wednesday, looking to break above the 90.00 limestone on a more sustainable basis and always against the backdrop of rising volatility.

In addition, yields of the US 10-year reference are extending the bounce off daily lows although a breakout of the critical 2.80% mark still remains elusive. Furthermore, the VIX index has dropped to fresh session lows around 25.0 while the DowJones opened higher and is extending the recovery to the boundaries of the 25,000 area.

Event-wise, New York Fed and permanent voter W.Dudley said hi did not change his economic outlook despite the recent market effervescence while he somewhat talked down the recent drop in the stock markets.

Coming up next, Chicago Fed C.Evans (2019 voter, centrist) will discuss the economy and monetary policy ahead of the weekly report on US crude oil inventories by the EIA.

US Dollar relevant levels

As of writing the index is gaining 0.22% at 89.87 and a break above 90.03 (high Feb.6) would target 90.70 (high Jan.22) en route to 90.98 (high Jan.18). On the other hand, the immediate support is located at 88.55 (low Feb.2) seconded by 88.42 (2018 low Jan.25) and finally 86.82 (weekly trend line off 72.70).