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Trading news
17 Apr 2015
DXY off lows, around 97.30
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, now manages to leave session lows around 97.15 and reclaim the area of 97.30.
DXY down from 97.80
The index is extending its weekly decline on Friday, falling uninterruptedly since the rejection of the 100.00 mark on Monday. The significant retracement has been almost exclusively fuelled by disappointing results in the US economy coupled with some comments by Fed members pointing to a rates lift-off later than expected by markets.
Ahead in the session, US inflation figures gauged by the CPI are due, followed by the Leading Indicator by CB and the flash sentiment index by Reuters/Michigan.
DXY relevant levels
The index is now losing 0.11% at 97.30 with the next support at 97.17 (low Apr.17) followed by 96.93 (low Apr.7) and finally 96.33 (low Apr.6). On the flip side, a breakout of 98.66 (high Mar.31) would target 99.18 (high Apr.9) and then 99.36 (high Apr.15).
DXY down from 97.80
The index is extending its weekly decline on Friday, falling uninterruptedly since the rejection of the 100.00 mark on Monday. The significant retracement has been almost exclusively fuelled by disappointing results in the US economy coupled with some comments by Fed members pointing to a rates lift-off later than expected by markets.
Ahead in the session, US inflation figures gauged by the CPI are due, followed by the Leading Indicator by CB and the flash sentiment index by Reuters/Michigan.
DXY relevant levels
The index is now losing 0.11% at 97.30 with the next support at 97.17 (low Apr.17) followed by 96.93 (low Apr.7) and finally 96.33 (low Apr.6). On the flip side, a breakout of 98.66 (high Mar.31) would target 99.18 (high Apr.9) and then 99.36 (high Apr.15).