10 Aug 2015
US Dollar pushes higher, 98.00 on sight
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, continues to edge higher on Monday, lifting the index near 97.90.
US Dollar trims recent losses
After the sharp reversion on Friday following the solid US Payrolls, the dollar is recovering the smile at the beginning of the week, trading in session highs and approaching the critical resistance around the 98.00 handle.
Next of relevance for the greenback will be the Fed’s Labour Market Conditions Index (0.8 prev.), followed by speeches by Fischer and Lockhart.
US Dollar relevant levels
As of writing the index is gaining 0.32% at 97.87 and a break above 98.46 (high Apr.21) would target 98.73 (high Apr.16) en route to 99.18 (high Apr.9). On the flip side, the immediate support aligns at 97.53 (low Aug.10) followed by 97.21 (low Aug.4) and finally 96.29 (low Jul.27).
US Dollar trims recent losses
After the sharp reversion on Friday following the solid US Payrolls, the dollar is recovering the smile at the beginning of the week, trading in session highs and approaching the critical resistance around the 98.00 handle.
Next of relevance for the greenback will be the Fed’s Labour Market Conditions Index (0.8 prev.), followed by speeches by Fischer and Lockhart.
US Dollar relevant levels
As of writing the index is gaining 0.32% at 97.87 and a break above 98.46 (high Apr.21) would target 98.73 (high Apr.16) en route to 99.18 (high Apr.9). On the flip side, the immediate support aligns at 97.53 (low Aug.10) followed by 97.21 (low Aug.4) and finally 96.29 (low Jul.27).