US Dollar eases from highs, near 96.40

The greenback, in terms of the US Dollar Index, is now deflating from session highs and returning to the 96.40 area.

US Dollar focus on risk trends

The greenback is clinging to its daily gains so far, as the initial upside momentum seems to have lost some vigour. Anyway, the index is up for the fifth consecutive session amidst growing speculations on a Fed’s rate hike at some point in the next months.

Data wise in the US docket, Unit Labor Costs and Non-farm Productivity during the second quarter are next on tap followed by the Economic Optimism index tracked IBD/TIPP.

US Dollar relevant levels

The index is gaining 0.04% at 96.44 facing the immediate up barrier at 96.50 (high Aug.5) followed by 96.62 (200-day sma) and finally 97.05 (78.6% Fibo of July-August drop). On the other hand, a breach of 95.13 (100-day sma) would open the door to 94.94 (low Aug.2) and then 94.03 (up trend off 2016 low at 91.88).