Us dollar maintains gains above 99

After that you don’t exceed level 99 at the start of the press conference of Draghi, the dollar index fell to 98.70, but was able to recover quickly when investors began to digest the comments about the stance of the ECB’s policy.

The index rose above 99 and refreshed the highs of the session at 99.20. The index rose 0.25% to 99.10.

Draghi disappointed the markets, as it gave no clue as to a possible time of the next policy decision. He said that the recovery of the euro area has been wide and strong, but there was no reason to discuss an exit strategy from QE, and he repeated that if it seemed necessary, could decide to expand QE beyond 2018.

On the other hand, the macro data from the united States came in below expectations Thursday. The initial claims weekly increased to 257K from 243K, losing the expectation of 241K, while durable goods orders decreased by up to 0.7% (compared to 1.2% in march from 2.3% in February. The weak data, along with the fall of the yields of the Treasury of the united States undermined the bullish momentum in the index in the last hour. The yield of the bond T to 10 years, it is 2.291, losing 0.9% on the day.

Technical perspective

The index is facing the first obstacle to 99.20 (daily maximum) to the standby 99.75 (minimum of 23 of march) and 100 (psychological level).

To the floor, another break below 99 (psychological level) would open the door towards 98.30 (minimum of 10 of November) and 98 (psychological level).

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