1 Jul 2015
DXY off highs, near 96.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. a basket of its major rivals, is extending its weekly upside near the key 96.00 barrier.
DXY firmer on positive ADP
Unease around Greece and the potential victory of the “No” option in the Greek referendum on Sunday has been weighing on sentiment and feeding USD-bulls so far, pushing the index to highs just above the 96.00 handle.
In addition, expectations of a positive surprise in tomorrow’s US Non-farm Payrolls (232K exp.) have increased following today’s very auspicious release of the US ADP report for the month of June – 237K, giving further support to the dollar.
DXY relevant levels
As of writing the index is advancing 0.46% at 95.92 with the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5). On the downside, a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).
DXY firmer on positive ADP
Unease around Greece and the potential victory of the “No” option in the Greek referendum on Sunday has been weighing on sentiment and feeding USD-bulls so far, pushing the index to highs just above the 96.00 handle.
In addition, expectations of a positive surprise in tomorrow’s US Non-farm Payrolls (232K exp.) have increased following today’s very auspicious release of the US ADP report for the month of June – 237K, giving further support to the dollar.
DXY relevant levels
As of writing the index is advancing 0.46% at 95.92 with the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5). On the downside, a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).