8 Apr 2015
DXY through 98.00 on minutes
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, is now appreciating vs. its main rivals, advancing to session highs beyond the 98.00 mark.
DXY boosted by FOMC minutes
The buying interest is growing bigger around the US dollar now, after several Fed officials favoured a rate hike in June, while other preferred to wait for later in 2015 and a couple voted for a lift-off in 2016.
Some members also saw the USD weighing on the export sector and the economic growth, while others said it could gain further traction backed by monetary policies overseas.
DXY levels to consider
The index is now up 0.27% at 98.09 and a break above 98.64 (high Apr.1) would aim for 99.11 (high Mar.20). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).
DXY boosted by FOMC minutes
The buying interest is growing bigger around the US dollar now, after several Fed officials favoured a rate hike in June, while other preferred to wait for later in 2015 and a couple voted for a lift-off in 2016.
Some members also saw the USD weighing on the export sector and the economic growth, while others said it could gain further traction backed by monetary policies overseas.
DXY levels to consider
The index is now up 0.27% at 98.09 and a break above 98.64 (high Apr.1) would aim for 99.11 (high Mar.20). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).