DXY has dropped 10 pips and last sits at.....>

DOLLAR: DXY has dropped 10 pips and last sits at 96.50 after climbing 48 pips

Thursday, with USD finishing atop the G10 pile. The index was supported by solid

U.S. economic data, as initial jobless claims came in at 199k undershooting exp.

of 218k, while both U.S. m'fing & services PMIs exceeded exp. Post-ECB EUR

weakness also lent support to DXY. 

- As a reminder, the two proposals to reopen the gov't coming from both sides of

the aisle were rejected by the Senate Thursday, with political deadlock ongoing.

- DXY bears keep an eye on the 100-DMA at 96.12 and a break below would shift

their focus to yesterday's low of 96.04. Meanwhile, bulls look for a move

through the nearby 50-DMA at 96.57 before targeting 96.68, where the index

peaked yesterday. 

- U.S. spotlight next week falls on the FOMC MonPol decision & Fed Chair

Powell's post-FOMC press conference. Key U.S. econ releases include GDP due

Wednesday & labour mkt data due Friday.