17 Jun 2015
DXY negative below 95.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main rivals, keeps consolidating in the negative ground in sub-95.00 levels on Wednesday.
DXY weaker ahead of FOMC
The upside in the index remains limited by the 95.00 handle so far, while markets keep warming up for the FOMC statement and Chairwoman J.Yellen’s press conference due later.
The greenback remains in a consolidative range around the 95.00 mark since last week, waiting for a stronger catalyst to break the range, in spite of the better than expected results seen in the US economy as of late.
DXY levels to watch
The index is now retreating 0.12% at 94.88 and a break below 94.32 (low Jun.10) would open the door to 94.09 (low May 19) and finally 93.27 (low May 18). On the upside, the initial hurdle lines up at 95.68 (high Jun.12) followed by 96.91 (high Jun.5) and then 97.68 (high Jun.1).
DXY weaker ahead of FOMC
The upside in the index remains limited by the 95.00 handle so far, while markets keep warming up for the FOMC statement and Chairwoman J.Yellen’s press conference due later.
The greenback remains in a consolidative range around the 95.00 mark since last week, waiting for a stronger catalyst to break the range, in spite of the better than expected results seen in the US economy as of late.
DXY levels to watch
The index is now retreating 0.12% at 94.88 and a break below 94.32 (low Jun.10) would open the door to 94.09 (low May 19) and finally 93.27 (low May 18). On the upside, the initial hurdle lines up at 95.68 (high Jun.12) followed by 96.91 (high Jun.5) and then 97.68 (high Jun.1).