US Dollar clings to gains around 96.00

The US Dollar Index – which gauges the buck vs. its main rivals – is marginally up so far today, looking to keep the 96.00 handle amidst scarce volatility and thin trade conditions.

US Dollar in 4-day tops

The index is up for the third consecutive session so far today, although activity is almost non-existent due to the Independence Day holiday in the US.

The up move in the buck has been sustained by a persistent solid tone from US money markets, with the 10-year benchmark moving higher to the 2.35% level, or 7-week tops.

Markets’ attention should shortly shift to the FOMC minutes due tomorrow ahead of June’s payrolls, expected on Friday.

US Dollar relevant levels

The index is up 0.04% at 95.99 and a break above 96.05 (high Jul.4) would target 96.30 (10-day sma) and then 96.70 (21-day sma). On the flip side,  the next support lines up at 95.22 (2017 low Jun.30) followed by 94.95 (low Sep.22 2016) and finally 94.05 (low Aug.18 2016).