20 Jul 2015
USD Index flat, back to 97.90
FXStreet (Edinburgh) - After an ephemeral visit to session lows in the 97.80/75 band, the USD Index has now recovered the positive ground around 97.90.
USD Index well supported around 97.80
The dollar is extending last week’s upbeat momentum, although a break above the 98.00 mark on a more sustained basis still remains elusive. Recent testimonies by Chair J.Yellen plus today’s comments by St. Louis Fed President J.Bullard have left the door open for a Fed’s lift-off at the September meeting, but the index remained unable to gather further steam.
Ahead in the week, the US housing sector will take centre stage, as well as Markit’s Manufacturing and Services PMIs, all ahead of next week’s key FOMC meeting.
USD Index Index relevant levels
As of writing the index is advancing 0.02% at 97.88 with the next hurdle at 98.46 (high Apr.21) followed by 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
USD Index well supported around 97.80
The dollar is extending last week’s upbeat momentum, although a break above the 98.00 mark on a more sustained basis still remains elusive. Recent testimonies by Chair J.Yellen plus today’s comments by St. Louis Fed President J.Bullard have left the door open for a Fed’s lift-off at the September meeting, but the index remained unable to gather further steam.
Ahead in the week, the US housing sector will take centre stage, as well as Markit’s Manufacturing and Services PMIs, all ahead of next week’s key FOMC meeting.
USD Index Index relevant levels
As of writing the index is advancing 0.02% at 97.88 with the next hurdle at 98.46 (high Apr.21) followed by 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).