17 Feb 2015
DXY clings to 94.00
FXStreet (Edinburgh) - The US dollar index, which tracks the greenback vs. its main competitors, is trading on the back footing on Tuesday, currently hovering over the 94.00 handle.
DXY lower on risk appetite
The debt talks between the Eurogroup and Greece have today re-opened the door to an agreement in the very near term, allaying fears of a potential ‘Grexit’ and boosting at the same time the risk-on space. The dollar was thus confined to trade in the lower band of the daily range, although the 93.90 area offered decent support so far.
The USD will remain in the limelight however, as the FOMC will publish its minutes tomorrow.
DXY important levels
The index is now down 0.25% at 94.22 and a breach of 93.87 (low Feb.17) would expose 93.39 (low Feb.3). On the upside, the initial barrier lines up at 95.10 (high Feb.12) and then 95.23 (high Feb.11).
DXY lower on risk appetite
The debt talks between the Eurogroup and Greece have today re-opened the door to an agreement in the very near term, allaying fears of a potential ‘Grexit’ and boosting at the same time the risk-on space. The dollar was thus confined to trade in the lower band of the daily range, although the 93.90 area offered decent support so far.
The USD will remain in the limelight however, as the FOMC will publish its minutes tomorrow.
DXY important levels
The index is now down 0.25% at 94.22 and a breach of 93.87 (low Feb.17) would expose 93.39 (low Feb.3). On the upside, the initial barrier lines up at 95.10 (high Feb.12) and then 95.23 (high Feb.11).