US Dollar resumes bearish slide, back below 89.00 handle

   •  Overnight recovery move already seems to have lost steam.
   •  A modest uptick in the US bond yields fails to revive demand.
   •  US GDP/durable goods orders eyed for some immediate respite. 

The US Dollar Index (DXY), which measures the greenback performance against a basket of currencies, failed to build on overnight sharp rebound and has now retreated back below the 89.00 handle. 

The US President Donald Trump's "strong dollar" comment did provide a minor boost but wasn't good enough to change the well-established bearish trend. A fresh wave of selling bias now seems to suggest that the recent bout of weakness might still have some more room to go. 

Even a modest uptick in the US Treasury bond yields did little to lend stall the ongoing slide to the 88.80-75 band, within striking distance of a three-year low struck earlier this week. 

On the economic data front, the advance US GDP growth figures for the fourth quarter of 2017, along with durable goods orders would now be looked upon for some immediate respite for the USD bulls.