14 Jul 2015
DXY testing lows near 96.60
FXStreet (Edinburgh) - After a brief adventure beyond the 97.00 handle, the US Dollar Index has given away those gains and is now visiting session lows near 96.60/50.
DXY focus on US data
Following the fresh bull run after the recent deal between Greece and the EU institutions, the greenback seems to have lost some upside momentum today, coming back to the mid-96.00s ahead of US data.
Next of relevance for the USD will be the Retail Sales in the US economy, with consensus expecting a 0.3% MoM advance during June. Core sales, instead, are expected at 0.5%.
DXY relevant levels
As of writing the index is losing 0.22% at 96.64 and a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29). On the upside, the immediate hurdle aligns at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1).
DXY focus on US data
Following the fresh bull run after the recent deal between Greece and the EU institutions, the greenback seems to have lost some upside momentum today, coming back to the mid-96.00s ahead of US data.
Next of relevance for the USD will be the Retail Sales in the US economy, with consensus expecting a 0.3% MoM advance during June. Core sales, instead, are expected at 0.5%.
DXY relevant levels
As of writing the index is losing 0.22% at 96.64 and a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29). On the upside, the immediate hurdle aligns at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1).