22 Jul 2015
USD Index prints highs near 97.40
FXStreet (Edinburgh) - The USD Index, which tracks the greenback vs. its main rivals, has now resumed its upside trend and is posting session tops in he 97.40/45 band.
USD Index focus on US data
After yesterday’s sharp sell-off to multi-day lows near the 97.00 handle, the buying interest seems to have returned to the dollar, pushing the index back towards the mid-97.00s so far.
In the data space, US Existing Home Sales are due next, with consensus expecting an increase to 5.4 M during June, or a 1.2% advance. In the meantime, market participants seem to have already digested and cashed up the recent USD gains, all ahead of the key FOMC meeting due next week.
USD Index relevant levels
As of writing the index is up 0.09% at 97.41 and a surpass of 98.46 (high Apr.21) would open the door to 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the other hand, the immediate support aligns at 95.08 (low Jun.26) ahead of 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
USD Index focus on US data
After yesterday’s sharp sell-off to multi-day lows near the 97.00 handle, the buying interest seems to have returned to the dollar, pushing the index back towards the mid-97.00s so far.
In the data space, US Existing Home Sales are due next, with consensus expecting an increase to 5.4 M during June, or a 1.2% advance. In the meantime, market participants seem to have already digested and cashed up the recent USD gains, all ahead of the key FOMC meeting due next week.
USD Index relevant levels
As of writing the index is up 0.09% at 97.41 and a surpass of 98.46 (high Apr.21) would open the door to 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the other hand, the immediate support aligns at 95.08 (low Jun.26) ahead of 94.86 (low Jun.30) and finally 94.72 (low Jun.29).