The US Dollar sets the record straight on Tuesday, extending Monday’s gains. The bond market is signalling issues ahead with Trump’s spending plans. The US Dollar index pops above 106.00 and flirts with another break higher. The US Dollar gains strength on Tuesday, with the bond market fretting over former US President Donald Trump’s spending plans.
35 is being broken to the upside. On the downside, 105.53 is the first support ahead of a trifecta of Simple Moving Averages . Next down is the 55-day SMA at 105.25, safeguarding the 105.00 round figure. A touch lower, near 104.75 and 104.46, both the 100-day and the 200-day SMA form a double layer of protection to support any declines together with the green ascending trendline from last December.