30 Mar 2015
DXY firmer, eyes on 98.00
FXStreet (Edinburgh) - The greenback has started the week on the right footing, currently hovering over session highs near the key barrier at 98.00.
DXY extends the rebound from 96.00
The US Dollar Index, which tracks the greenback against a basket of its major competitors, is advancing for the third consecutive session, prolonging the bounce off last week’s drop near 96.00 the figure.
Positive risk-off scenario at the start of the week and renewed jitters on the Greek-EU debt talks outcome have lent further support to the dollar, which keeps recovering from the post-FOMC trough. Mixed data results in the US economy today seem to also be accompanying the USD momentum.
DXY levels to consider
The index is now up 0.57% at 97.84 with the initial up barrier at 97.95 (high Mar.30) ahead of 98.23 (high Mar.23) and then 99.11 (high Mar.20). On the downside, a break below 96.99 (low Mar.27) would expose 96.17 (low Mar.26) and finally 95.84 (low Mar.5).
DXY extends the rebound from 96.00
The US Dollar Index, which tracks the greenback against a basket of its major competitors, is advancing for the third consecutive session, prolonging the bounce off last week’s drop near 96.00 the figure.
Positive risk-off scenario at the start of the week and renewed jitters on the Greek-EU debt talks outcome have lent further support to the dollar, which keeps recovering from the post-FOMC trough. Mixed data results in the US economy today seem to also be accompanying the USD momentum.
DXY levels to consider
The index is now up 0.57% at 97.84 with the initial up barrier at 97.95 (high Mar.30) ahead of 98.23 (high Mar.23) and then 99.11 (high Mar.20). On the downside, a break below 96.99 (low Mar.27) would expose 96.17 (low Mar.26) and finally 95.84 (low Mar.5).