1 May 2015
DXY positive near 94.60
FXStreet (Edinburgh) - The US Dollar Index, which measures the greenback vs. its main competitors, has regained the positive territory in the 94.60/65 band.
DXY supported at 94.50
The selling pressure around the US dollar has diminished in the last couple of sessions, although a sustainable break above the 95.00 mark still remains elusive for USD-bulls.
The greenback will remain under pressure ahead in the day, as the key ISM Manufacturing and the sentiment index by Reuters/Michigan are both due, with consensus pointing to a better readings in both releases.
DXY relevant levels
The index is now up 0.02% at 94.62 with the next hurdle at 94.95 (high May 1) followed by 95.44 (high Apr.30) and finally 97.55 (high Apr.24). On the downside, a breach of 94.50 (low May 1) would aim for 94.40 (low Apr.30) and then 94.06 (low Feb.26).
DXY supported at 94.50
The selling pressure around the US dollar has diminished in the last couple of sessions, although a sustainable break above the 95.00 mark still remains elusive for USD-bulls.
The greenback will remain under pressure ahead in the day, as the key ISM Manufacturing and the sentiment index by Reuters/Michigan are both due, with consensus pointing to a better readings in both releases.
DXY relevant levels
The index is now up 0.02% at 94.62 with the next hurdle at 94.95 (high May 1) followed by 95.44 (high Apr.30) and finally 97.55 (high Apr.24). On the downside, a breach of 94.50 (low May 1) would aim for 94.40 (low Apr.30) and then 94.06 (low Feb.26).