16 Jun 2015
DXY remains buoyant around 95.00
FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, has returned from session highs and is now hovering over the 95.00 handle.
DXY capped around 95.20
After bottoming out in the mid-94.00s overnight, the index staged a comeback to the area of session tops near 95.20, although the upside impetus run out of legs soon afterwards.
Today’s calendar in the US economy showed mixed results from the housing sector, with Housing Starts and Building Permits running in opposite directions. The key 2-day FOMC meeting kicks in today, ending tomorrow with the Committee’s statement and subsequent press conference by Fed’s Head J.Yellen.
DXY levels to watch
The index is now advancing 0.30% at 95.09 and a break above 95.68 (high Jun.12) would open the door to 96.91 (high Jun.5) and then 97.68 (high Jun.1). On the other hand, the immediate support aligns at 94.32 (low Jun.10) followed by 94.09 (low May 19) and finally 93.27 (low May 18).
DXY capped around 95.20
After bottoming out in the mid-94.00s overnight, the index staged a comeback to the area of session tops near 95.20, although the upside impetus run out of legs soon afterwards.
Today’s calendar in the US economy showed mixed results from the housing sector, with Housing Starts and Building Permits running in opposite directions. The key 2-day FOMC meeting kicks in today, ending tomorrow with the Committee’s statement and subsequent press conference by Fed’s Head J.Yellen.
DXY levels to watch
The index is now advancing 0.30% at 95.09 and a break above 95.68 (high Jun.12) would open the door to 96.91 (high Jun.5) and then 97.68 (high Jun.1). On the other hand, the immediate support aligns at 94.32 (low Jun.10) followed by 94.09 (low May 19) and finally 93.27 (low May 18).