9 Apr 2015
DXY deflates from highs
FXStreet (Edinburgh) - The US Dollar Index, which weighs the greenback against a basket of its major rivals, has regained the 98.00 handle and beyond.
DXY boosted by FOMC
The US dollar is still enjoying some tailwinds from yesterday’s FOMC minutes, where the Committee showed divided views regarding the timing of the rates lift-off, ranging from June to some point during 2016.
The index keeps alive its weekly upside, regaining momentum after recent lows in the 96.00 neighbourhood. Ahead in the session, the usual weekly report on the US labour market is due, with Initial Claims expected at 285K during the week ended on April 3.
DXY relevant levels
The index is now up 0.42% at 98.34 and a break above 98.64 (high Apr.1) would aim for 99.11 (high Mar.20) and then 99.46 (high Mar.19). 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
The US dollar is still enjoying some tailwinds from yesterday’s FOMC minutes, where the Committee showed divided views regarding the timing of the rates lift-off, ranging from June to some point during 2016.
The index keeps alive its weekly upside, regaining momentum after recent lows in the 96.00 neighbourhood. Ahead in the session, the usual weekly report on the US labour market is due, with Initial Claims expected at 285K during the week ended on April 3.
DXY relevant levels
The index is now up 0.42% at 98.34 and a break above 98.64 (high Apr.1) would aim for 99.11 (high Mar.20) and then 99.46 (high Mar.19). 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).