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16 Jun 2015
DXY off highs, near 95.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, has recovered from session troughs around 94.60 and is now toying with the 95.00 handle.
DXY focus on US data
The greenback is snapping a 2-session negative streak following a now softer tone around the risk-associated assets, taking the index to the boundaries of the 95.00 mark. Higher uncertainty around the Greece-EU debt talks continue to be a source of instability and unusual high volatility in the global markets, which is ultimately being capitalized by the dollar.
Ahead in the session, April’s US housing sector will be in the limelight via Housing Starts (1.1M exp.) and Building Permits (1.093M exp.), looking to extend the positive momentum in the sector seen in the previous month.
DXY levels to watch
The index is now advancing 0.17% at 94.97 and a break above 95.68 (high Jun.12) would open the door to 96.91 (high Jun.5) and then 97.68 (high Jun.1). On the other hand, the immediate support aligns at 94.32 (low Jun.10) followed by 94.09 (low May 19) and finally 93.27 (low May 18).
DXY focus on US data
The greenback is snapping a 2-session negative streak following a now softer tone around the risk-associated assets, taking the index to the boundaries of the 95.00 mark. Higher uncertainty around the Greece-EU debt talks continue to be a source of instability and unusual high volatility in the global markets, which is ultimately being capitalized by the dollar.
Ahead in the session, April’s US housing sector will be in the limelight via Housing Starts (1.1M exp.) and Building Permits (1.093M exp.), looking to extend the positive momentum in the sector seen in the previous month.
DXY levels to watch
The index is now advancing 0.17% at 94.97 and a break above 95.68 (high Jun.12) would open the door to 96.91 (high Jun.5) and then 97.68 (high Jun.1). On the other hand, the immediate support aligns at 94.32 (low Jun.10) followed by 94.09 (low May 19) and finally 93.27 (low May 18).