DXY last seen at 96.37, 12 pips worse off,...>

DOLLAR: DXY last seen at 96.37, 12 pips worse off, after rallying 73 pips and

erasing its post-FOMC slump yesterday, with some analysts citing carry interest

in the USD as a primary factor behind the greenback strength.

- Worth mentioning yesterday saw a particularly strong Philadelphia Fed biz.

outlook print, which came at 13.7 vs. exp. of 4.8 and the prev. -4.1.

- Also yesterday, U.S. President Trump launched another verbal attack on the

Fed's policy. The President told Fox that annual economic growth would have

topped 4%, if not the Fed's tightening.

- WTI and gold are virtually unchanged at writing.

- The dollar index is flirting with its 50-DMA at 96.42 and a clean break above

would allow bulls to set their sights on the 100-DMA at 96.54, followed by the

21-DMA at 96.61. Meanwhile, bears look for a retreat towards the psychological

96.00 level, breached during yesterday's rally.

- U.S. focus today turns to domestic home sales, flash PMI data and monthly

budget statement.