6 Mar 2015
DXY in highs around 97.70
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback against a basket of its major competitors, remains unstoppable on Friday, currently in session highs near 97.70.
DXY eyes on 98.00
The index keeps pushing higher in the wake of the stellar US Payrolls during the last month (295K act.), now trading at shouting distance of another key barrier at 98.00 the figure.
The euphoria around the US dollar echoed in fresh ytd highs in Treasuries (2-year, 10-year, 30-year), as market expectations for a June rate hike by the Fed keeps building up.
DXY levels to consider
The index is now up 1.34% at 97.69 with the next resistance at 98.00 (psychological level). On the downside, a breakdown of 96.32 (low Mar.6) would open the door to 95.86 (low Mar.5) and finally 95.36 (low Mar.4).
DXY eyes on 98.00
The index keeps pushing higher in the wake of the stellar US Payrolls during the last month (295K act.), now trading at shouting distance of another key barrier at 98.00 the figure.
The euphoria around the US dollar echoed in fresh ytd highs in Treasuries (2-year, 10-year, 30-year), as market expectations for a June rate hike by the Fed keeps building up.
DXY levels to consider
The index is now up 1.34% at 97.69 with the next resistance at 98.00 (psychological level). On the downside, a breakdown of 96.32 (low Mar.6) would open the door to 95.86 (low Mar.5) and finally 95.36 (low Mar.4).