3 Jul 2015
DXY flat lined, clings to 96.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, is trading almost unchanged on Friday, hovering over the key 96.00 handle.
DXY capped near 96.50
The index is finishing the week with losses so far, as it still remains unable to close the gap higher to the mid-96.00s posted on Monday in response to the Greek events over the weekend.
Data wise in the US economy, several indicators surprised markets to the upside throughout the week, although yesterday’s Non-farm Payrolls came in below expectations, casting doubts over a potential Fed’s lift-off in September and undermining the recent USD upside.
DXY relevant levels
As of writing the index is flat at 96.11 and a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18). On the flip side, the initial resistance aligns at 96.41 (high Jul. 2) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5).
DXY capped near 96.50
The index is finishing the week with losses so far, as it still remains unable to close the gap higher to the mid-96.00s posted on Monday in response to the Greek events over the weekend.
Data wise in the US economy, several indicators surprised markets to the upside throughout the week, although yesterday’s Non-farm Payrolls came in below expectations, casting doubts over a potential Fed’s lift-off in September and undermining the recent USD upside.
DXY relevant levels
As of writing the index is flat at 96.11 and a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18). On the flip side, the initial resistance aligns at 96.41 (high Jul. 2) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5).