Back
2 Apr 2015
DXY off lows, back to 97.60
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, has managed to leave session lows near 97.30 and is now back around 97.60/65.
DXY correcting lower from 98.30
The index reverted the initial positive start, giving away earlier losses amidst a context more favourable to the riskier assets. Very auspicious results from US Initial Claims, a lower than expected trade deficit during February and Factory Orders above estimates failed to re-ignite the buying interest around the dollar so far.
Next on tap for the greenback will be the Non-farm Payrolls, due tomorrow. Market consensus expects the US economy to have created 244K jobs during March vs. February’s 295K.
DXY levels to consider
The index is now losing 0.61% at 97.58 with the initial support at 96.99 (low Mar.27) ahead of 96.17 (low Mar.26) and finally 95.84 (low Mar.5). On the upside, a surpass of 98.64 (high Apr.1) would open the door to 99.11 (high Mar.20) and then 99.46 (high Mar.19).
DXY correcting lower from 98.30
The index reverted the initial positive start, giving away earlier losses amidst a context more favourable to the riskier assets. Very auspicious results from US Initial Claims, a lower than expected trade deficit during February and Factory Orders above estimates failed to re-ignite the buying interest around the dollar so far.
Next on tap for the greenback will be the Non-farm Payrolls, due tomorrow. Market consensus expects the US economy to have created 244K jobs during March vs. February’s 295K.
DXY levels to consider
The index is now losing 0.61% at 97.58 with the initial support at 96.99 (low Mar.27) ahead of 96.17 (low Mar.26) and finally 95.84 (low Mar.5). On the upside, a surpass of 98.64 (high Apr.1) would open the door to 99.11 (high Mar.20) and then 99.46 (high Mar.19).