15 Jul 2015
DXY sidelined near 96.70, US data eyed
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors is posting meagre gains on Wednesday, meandering around 96.65/70.
DXY flat ahead of Yellen
The index is following the broader consolidative pattern in the global markets, with all the attention to the Greek vote on the recent bailout deal and the Semi-Annual Testimony by Chair J.Yellen.
Other data, albeit less relevant today, will be the release of US Industrial Production, the Empire State index, Capacity Utilization, Producer Prices and the Fed’s Beige Book.
DXY relevant levels
As of writing the index is advancing 0.04% at 96.67 with the next hurdle at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
DXY flat ahead of Yellen
The index is following the broader consolidative pattern in the global markets, with all the attention to the Greek vote on the recent bailout deal and the Semi-Annual Testimony by Chair J.Yellen.
Other data, albeit less relevant today, will be the release of US Industrial Production, the Empire State index, Capacity Utilization, Producer Prices and the Fed’s Beige Book.
DXY relevant levels
As of writing the index is advancing 0.04% at 96.67 with the next hurdle at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).