US Dollar Index remains under pressure near 94.00

The improved sentiment in the risk complex in combination with anemic activity in US yield and some profit taking weigh on the buck and force the index to retreat to the 94.00 neighborhood at the end of the week.

In fact, dip buyers seem to have returned to the beleaguered risk complex on Friday and sponsored the corrective move in the buck, which was already under some pressure after entering into the overbought territory.

The steady performance of US yields remained unsupportive of further strength in the buck after yields of the key US 10-year benchmark note remained unable to gather some serious upside traction.

In the docket, the most-watched ISM Manufacturing improved to 61.1 in September. Still in the manufacturing sector, Markit’s PMI surpassed estimates at 60.7. in addition, the final Consumer Sentiment measured by the U-Mich Index rose to 72.8 and the Michigan 5 Year Inflation Expectations rose further to 3%.