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19 May 2015
DXY eases from 95.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main competitors, extends its buoyant tone on Tuesday, trading in the upper-94.00s so far.
DXY eyes US data
The index is advancing for the second consecutive session and remains on track to challenge last week’s tops in the 95.25/30 band ahead of the critical up barrier at 96.00. Greek woes continue to be the main drag for the risk-associated universe, and at the same time the main source of strength for the dollar in the first half of the week.
The US housing sector will be in the limelight today, as Housing Starts and Building Permits during April are due later.
DXY relevant levels
The index is now advancing 0.67% at 94.84 and a surpass of 95.05 (high May 19) would aim for 95.25 (high May 11) and finally 95.40 (high May 1). On the downside, the immediate support lines up at 94.08 (high May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).
DXY eyes US data
The index is advancing for the second consecutive session and remains on track to challenge last week’s tops in the 95.25/30 band ahead of the critical up barrier at 96.00. Greek woes continue to be the main drag for the risk-associated universe, and at the same time the main source of strength for the dollar in the first half of the week.
The US housing sector will be in the limelight today, as Housing Starts and Building Permits during April are due later.
DXY relevant levels
The index is now advancing 0.67% at 94.84 and a surpass of 95.05 (high May 19) would aim for 95.25 (high May 11) and finally 95.40 (high May 1). On the downside, the immediate support lines up at 94.08 (high May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).