15 Jun 2015
DXY firmer around 95.30
FXStreet (Edinburgh) -The US Dollar Index, which gauges the greenback vs. its main rivals, is recovering the ground lost during the Asian trading hours and is regaining the 95.30 area.
DXY eyes on US data
The index has started the week on the right footing vs. its main competitors, recovering the upper bound of the range near 95.30 and trimming last Friday’s losses. The persistent uncertainty around Greece and the debt talks keep lending support to the greenback ahead of the upcoming releases in the US economy.
Next of relevance for the index will be US Industrial Production, Capacity Utilization and the Housing Market gauge by the NAHB index.
DXY levels to watch
The index is now advancing 0.31% at 95.26 and a breakout of 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 eyes on US data
The index has started the week on the right footing vs. its main competitors, recovering the upper bound of the range near 95.30 and trimming last Friday’s losses. The persistent uncertainty around Greece and the debt talks keep lending support to the greenback ahead of the upcoming releases in the US economy.
Next of relevance for the index will be US Industrial Production, Capacity Utilization and the Housing Market gauge by the NAHB index.
DXY levels to watch
The index is now advancing 0.31% at 95.26 and a breakout of 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).