1 May 2015
DXY regains 95.00 and above
FXStreet (Edinburgh) - The greenback, measured by the US Dollar Index, keeps the upside momentum on Friday, currently extending the breakout of the key barrier at 95.00.
DXY bounces off 94.50
After bottoming out in the mid-94.00s, the index managed to gather traction following the resurgence of the buying interest around the dollar, quickly climbing to daily highs beyond 95.30. The index is closing the session with gains for the first time after six consecutive pullbacks.
Data wise in the US economy, both ISM Manufacturing and the Reuters/Michigan index matched previous readings albeit coming in a tad lower than consensus.
DXY relevant levels
The index is now up 0.71% at 95.26 with the next hurdle at 95.44 (high Apr.30) and then 97.55 (high Apr.24). On the downside, a breach of 94.50 (low May 1) would aim for 94.40 (low Apr.30) and then 94.06 (low Feb.26).
DXY bounces off 94.50
After bottoming out in the mid-94.00s, the index managed to gather traction following the resurgence of the buying interest around the dollar, quickly climbing to daily highs beyond 95.30. The index is closing the session with gains for the first time after six consecutive pullbacks.
Data wise in the US economy, both ISM Manufacturing and the Reuters/Michigan index matched previous readings albeit coming in a tad lower than consensus.
DXY relevant levels
The index is now up 0.71% at 95.26 with the next hurdle at 95.44 (high Apr.30) and then 97.55 (high Apr.24). On the downside, a breach of 94.50 (low May 1) would aim for 94.40 (low Apr.30) and then 94.06 (low Feb.26).