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The Chicago Fed National Activity Index for January is scheduled for release at 8:30 a.m. ET. The index is projected to decline slightly to 0.40 in January .
2/22/2021 1:32:21 PM GMT | By Eren Sengezer
USD/CHF lost its traction after rising above 0.9000.
US Dollar Index is falling for the third straight day.
Eyes on Wall Street and US Treasury bond yields.
The USD/CHF pair started the new week on a firm footing and rose to its highest level in more than two weeks at 0.9025. During the European trading hours, the renewed selling pressure surrounding the greenback made it difficult for the pair to preserve its bullish momentum. As of writing, USD/CHF was up 0.1% on the day at 0.8970.
DXY stays in the red
The sharp upsurge witnessed in the benchmark 10-year US Treasury bond yield during the Asian session helped the greenback outperform its rivals. The US Dollar Index (DXY), which tracks the USD s performance against a basket of six major currencies, climbed to a daily high of 90.57 but reversed its direction with US T-bond yields paring early gains.
CFNAI super index moving average index shows a modest decline (SPY -0.4%). Airlines slammed by soaring jet fuel prices. Elevated bond yields weigh on tech shares.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 0.29%, while the Bovespa is leading the S&P 500 lower. They are down 4.37% and 0.40% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Oil Prices Spike As U.S. Outages Tighten Supply Oil prices rebounded again on Monday, with WTI shooting up more than 3% to over $61 per barrel by noon ET. Oil prices spiked to 13-month highs last week after the Texas Freeze, but prices sagged toward the latter part of the week. But on Monday, a new price rally began, with the price of WTI spiking $1.81 per barrel to $61.05. Brent shot up by $1.73 to $64.64. The price hike comes shortly after Goldman Sachs forecast that oil prices would climb into the $70s over the next few months, an