27 Apr 2015
DXY clings to 97.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback against its major competitors, is managing to remain in the positive ground around the 97.10 area.
DXY focus on US data
The greenback remains largely influenced by the broader risk appetite trends on Monday, at least until the US docket kicks in: Markit’s Services PMI and the Dallas Fed Manufacturing Business Index. Prior surveys expect the PMI to improve to 59.5 during April while the Dallas index will look to revert the previous contraction of 17.4.
The index is reverting two sessions in red, managing to find support in sub-97.00 levels while the upside keeps capped in the mid-98.00s so far.
DXY relevant levels
The index is now advancing 0.16% at 97.07 with the next resistance at 97.55 (high Apr.24) ahead of 98.66 (high Mar.31) and finally 99.18 (high Apr.9). On the flip side, a breakdown of 96.75 (low Apr.24) would target 96.33 (low Apr.6) en route to 96.17 (low Mar.26).
DXY focus on US data
The greenback remains largely influenced by the broader risk appetite trends on Monday, at least until the US docket kicks in: Markit’s Services PMI and the Dallas Fed Manufacturing Business Index. Prior surveys expect the PMI to improve to 59.5 during April while the Dallas index will look to revert the previous contraction of 17.4.
The index is reverting two sessions in red, managing to find support in sub-97.00 levels while the upside keeps capped in the mid-98.00s so far.
DXY relevant levels
The index is now advancing 0.16% at 97.07 with the next resistance at 97.55 (high Apr.24) ahead of 98.66 (high Mar.31) and finally 99.18 (high Apr.9). On the flip side, a breakdown of 96.75 (low Apr.24) would target 96.33 (low Apr.6) en route to 96.17 (low Mar.26).