The US Dollar trades in the green across the board through the European session.
Traders are sending Greenback higher on a mixture of geopolitical fears and positive earnings.
The US Dollar Index trades back above 105.00 after bulls were able to close in positive on Monday.
The US Dollar (USD) trades higher on Tuesday for a second consecutive day as several factors support the Greenback. Markets are pricing in again some risk premium as Israel looks set to start its ground invasion in Rafah, and Egypt has chored up its border control at its northern border with Gaza. Meanwhile substantial easing in the Australian Dollar (AUD/USD) and Japanese Yen (USD/JPY) adds to support for the Greenback.
On Tuesday, the US Redbook Index and the Economic Optimism measured by the TechnoMetrica Institute of Policy and Politics are the two main economic data points to be released. In this week's rather packed US Federal Reserve (Fed) speakers’ agenda, only Federal Reserve Bank of Minneapolis President Neel Kashkari is set to speak. Meanwhile, traders can digest the release of the Senior Loan Officer Opinion Survey (SLOOS) for the first quarter, which pointed out on Monday that tightened lending standards are still the norm while consumer delinquencies are picking up.
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