US Dollar finds momentum on US yields recovery, closes a 2% yearly loss

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• The DXY jumped towards 101.30 after bottoming near 101.20. 
• The only highlight during the session was December’s Chicago PMI, which came in lower than expected.
• US Treasury yields gained some ground but remain near multi-month lows.
• The DXY will post a modest 2% yearly loss, opening the 2023 above 103.00 and closing just above 101.00.

The US Dollar (USD)  remains on a subdued tone on the last trading day of 2023. The US Dollar Index (DXY) is positioned at 101.30, shedding daily gains as dovish bets on the Federal Reserve (Fed) weigh heavily on the Greenback. Soft Chicago PMI figures for December also added pressure to the currency on a quiet Friday.