13 Jul 2015
DXY in session highs near 96.40
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, is posting moderate gains on Monday, testing daily tops near 96.40.
DXY firmer post-EU Summit
The bid tone around the US dollar found further motivation today despite the apparent deal between Greece and the EU institutions following a record-long EU Summit on Sunday-Monday.
The index has managed well to rapidly leave behind session troughs in the 95.80 area and climb towards the mid-96.00s amidst a rising offered tone in the risk-associated assets, mainly the euro.
There are no scheduled events in the US economy today, while key Retail Sales results during June are due tomorrow.
DXY relevant levels
As of writing the index is advancing 0.39% at 96.40 with the initial up barrier at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
DXY firmer post-EU Summit
The bid tone around the US dollar found further motivation today despite the apparent deal between Greece and the EU institutions following a record-long EU Summit on Sunday-Monday.
The index has managed well to rapidly leave behind session troughs in the 95.80 area and climb towards the mid-96.00s amidst a rising offered tone in the risk-associated assets, mainly the euro.
There are no scheduled events in the US economy today, while key Retail Sales results during June are due tomorrow.
DXY relevant levels
As of writing the index is advancing 0.39% at 96.40 with the initial up barrier at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).