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Trading news
23 Apr 2015
DXY flirting with 98.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback against a basket of its main rivals, is clinging to the positive territory close to the 98.00 handle.
DXY eyes on US docket
The index is looking to consolidate the recent bounce off the 97.00 mark, although a convincing break above the area at/beyond 98.00 still remains elusive for USD-bulls.
The index will remain in the limelight ahead of the US docket, with the weekly report on the labour market, New Home Sales and Markit’s manufacturing PMI poised to dictate today’s direction in the dollar.
DXY relevant levels
The index is now up 0.04% at 97.97 with the next hurdle at 98.66 (high Mar.31) ahead of 99.18 (high Apr.9) and then 99.36 (high Apr.15). On the other hand, a breakdown of 97.00 (low Apr.17) would target 96.93 (low Apr.7) en route to 96.33 (low Apr.6).
DXY eyes on US docket
The index is looking to consolidate the recent bounce off the 97.00 mark, although a convincing break above the area at/beyond 98.00 still remains elusive for USD-bulls.
The index will remain in the limelight ahead of the US docket, with the weekly report on the labour market, New Home Sales and Markit’s manufacturing PMI poised to dictate today’s direction in the dollar.
DXY relevant levels
The index is now up 0.04% at 97.97 with the next hurdle at 98.66 (high Mar.31) ahead of 99.18 (high Apr.9) and then 99.36 (high Apr.15). On the other hand, a breakdown of 97.00 (low Apr.17) would target 96.93 (low Apr.7) en route to 96.33 (low Apr.6).