DXY holds to losses, remains above 96.50

• US dollar posts mixed results across the board. 
• Wall Street trims yesterday’s gains. 

The US dollar is falling against European currencies and also versus the Yen, but is in positive territory with commodity currencies. After having yesterday the best day in years, major equity indexes in the US are falling. During the last hours moved off lows. 

The US Dollar Index (DXY) continues to hold a negative bias in the short-term. Recently printed a fresh daily low a 96.52 and then bounced off lows. It is trading at 96.65/70, posting modest losses for the day. On a wider perspective, it continues to move sideways, without a clear direction. It traded below a short-term uptrend line but climbed back above it. 

Data from the US showed a decline in initial jobless claims to 216K, and later the Consumer Confidence Index from the Conference Board showed a side in December to 128.1 from 136.4. The data had a limited impact on the US dollar that continues to be driven by equity prices and bonds. Lower yields contribute to weakening the greenback today. The 10-year yield dropped to 2.74%, yesterday it reached 2.80%.