4 Aug 2015
US Dollar navigates session lows near 97.30
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, has retreated to the low-97.00s on Tuesday, coming down from session tops around 97.50.
US Dollar Index focus on US data
The risk-on sentiment seems to have returned to the global markets today, dragging the index lower albeit it manages to still trade above the 97.00 mark.
Ahead in the session, Factory Orders will be the main highlight across the pond. Consensus is expecting orders to have strongly rebounded 1.8% during June, reverting at the same time the precious contraction of 1.0%.
US Dollar relevant levels
As of writing the index is retreating 0.17% at 97.32 with the next support at 96.29 (low Jul.27) ahead of 96.26 (low Jul.14) and then 95.63 (low Jul.23). On the other hand, a surpass of 97.97 (high Jul.17) would aim for 98.16 (high Jul.20) and finally 98.46 (high Apr.21).
US Dollar Index focus on US data
The risk-on sentiment seems to have returned to the global markets today, dragging the index lower albeit it manages to still trade above the 97.00 mark.
Ahead in the session, Factory Orders will be the main highlight across the pond. Consensus is expecting orders to have strongly rebounded 1.8% during June, reverting at the same time the precious contraction of 1.0%.
US Dollar relevant levels
As of writing the index is retreating 0.17% at 97.32 with the next support at 96.29 (low Jul.27) ahead of 96.26 (low Jul.14) and then 95.63 (low Jul.23). On the other hand, a surpass of 97.97 (high Jul.17) would aim for 98.16 (high Jul.20) and finally 98.46 (high Apr.21).