30 Apr 2015
DXY turns positive at 95.20
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, has managed to retake the 95.00 handle and beyond, returning to the positive territory.
DXY relieved on US docket
The index found much needed oxygen after the US labour market came in above expectations today, with Initial Claims falling to 262K in the week ended on April 24th, well below the 296K previous. In the same direction, Chicago’s PMI also surprised to the upside, advancing to 52.3 for the current month vs. March’s 46.3.
The current USD recovery will be put to the test tomorrow, as the final figures for the ISM Manufacturing and Markit’s PMI are due ahead of the Reuters/Michigan index and Construction Spending.
DXY relevant levels
The index is now up 0.02% at 95.21 with the next hurdle at 95.44 (high Apr.30) followed by 97.55 (high Apr.24) and then 98.66 (high Mar.31). On the downside, a breach of 94.40 (low Apr.30) would open the door to 94.06 (low Feb.26) and then 93.80 (low Feb.17).
DXY relieved on US docket
The index found much needed oxygen after the US labour market came in above expectations today, with Initial Claims falling to 262K in the week ended on April 24th, well below the 296K previous. In the same direction, Chicago’s PMI also surprised to the upside, advancing to 52.3 for the current month vs. March’s 46.3.
The current USD recovery will be put to the test tomorrow, as the final figures for the ISM Manufacturing and Markit’s PMI are due ahead of the Reuters/Michigan index and Construction Spending.
DXY relevant levels
The index is now up 0.02% at 95.21 with the next hurdle at 95.44 (high Apr.30) followed by 97.55 (high Apr.24) and then 98.66 (high Mar.31). On the downside, a breach of 94.40 (low Apr.30) would open the door to 94.06 (low Feb.26) and then 93.80 (low Feb.17).