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29 Jun 2015
DXY retreats from highs, near 95.60
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, has left the area of session tops and is now hovering over 95.60.
DXY focus on Greece, US data
The dollar has faded the initial spike to multi-week tops near 96.40 after Greek events during the weekend have boosted the risk-off sentiment on Monday. The index opened with a marked gap higher near 96.40, although the buying interest lacked of follow through soon afterwards.
In the data space, US Pending Home Sales and the Dallas Fed Manufacturing Business Index are due later.
DXY relevant levels
As of writing the index is up 0.02% at 95.49 facing the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and finally 96.91 (high Jun.5). On the flip side, a break below 94.30 (low Jun.23) would open the door to 93.81 (low Jun.22) and then 93.57 (low Jun.18).
DXY focus on Greece, US data
The dollar has faded the initial spike to multi-week tops near 96.40 after Greek events during the weekend have boosted the risk-off sentiment on Monday. The index opened with a marked gap higher near 96.40, although the buying interest lacked of follow through soon afterwards.
In the data space, US Pending Home Sales and the Dallas Fed Manufacturing Business Index are due later.
DXY relevant levels
As of writing the index is up 0.02% at 95.49 facing the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and finally 96.91 (high Jun.5). On the flip side, a break below 94.30 (low Jun.23) would open the door to 93.81 (low Jun.22) and then 93.57 (low Jun.18).