US Dollar jumps to 2-day tops near 96.50

The US Dollar Index, which tracks the buck vs. its main rivals, has recovered the smile following today’s positive results in the US docket.

US Dollar through 96.00 on data

The index climbed to 2-day highs in the mid-96.00s after inflation figures in the US economy have matched initial estimates for the month of June, while the NY Empire State Manufacturing Index has come in below consensus.

On the brighter side, Retail Sales, Industrial and Manufacturing Production and Capacity Utilization have surprised markets to the upside, giving extra oxygen to the greenback.

In the meantime, USD is struggling to close its second consecutive week with gains after recent lows in the 95.40/35 band.

US Dollar relevant levels

The index is now advancing 0.36% at 96.42 facing the next hurdle at 96.86 (high Jun.27) followed by 97.09 (high Mar.16) and finally 98.58 (high Mar.1). On the other hand, a breakdown of 95.68 (20-day sma) would open the door to 95.38 (low Jul.5) and then 94.94 (55-day sma).