Sellers continue to punish the greenback today, dragging the US Dollar Index to fresh 2016 lows in the 94.30 area. US Dollar suffers Yellen, Evans The index has quickly accelerate the losses after the recent break below the 95.00 key support, as market participants continue to unwind USD positions following a dovish Yellen and today’s comments by Chicago Fed’s C.Evans. In fact, Evans delivered a cautious tone at his speech today, noting he sees two hikes this year (around mid-year and by year-end), while he sounded more positive on Q2 GDP figures. He also added that an improvement in US outlook could warrant faster hikes. Data wise in the US docket today, Initial Claims have come in below expectations at 276K, while the Chicago PMI ticked higher to 53.6 for the current month. US Dollar relevant levels The index is retreating 0.47% at 94.40 and a breakdown of 94.19 (monthly low Sep.18 2015) would open the door to 93.83 (monthly low Oct.15 2015) and then 93.30 (monthly low Jun.18 2015). On the flip side, the next hurdle aligns at 96.06 (20-day sma) ahead of 96.46 (high Mar.28) and finally 97.15 (200-day sma). Trade the nonfarm payrolls & US Employment reports - Live Coverage & Analysis For more information, read our latest forex news.