US Dollar sinks to lows near 94.40

The greenback, tracked by the US Dollar Index, has reverted the overnight upbeat mood and it has now retreated to the 94.40 area, or session lows.

US Dollar weaker on sentiment, US data

USD is reverting a 2-day positive streak today, fading the advance to multi-day tops near the 95.00 handle seen on Friday and re-focusing instead on the 94.40 area, daily lows.

The decline in the index has gathered further momentum after the NY Empire State index has missed forecasts for the current month, falling to -9.02 vs. 6.50 expected. Ahead in the NA session, the NAHB index is next on tap followed by TIC flows.

US Dollar relevant levels

The index is losing 0.19% at 94.43 and a breakdown of 91.89 (2016 low May 3) would aim for 91.50 (low Jan.15 2015) and finally 87.23 (low Nov.17 2014). On the flip side, the immediate up barrier aligns at 95.09 (55-day sma) followed by 95.21 (high Apr.14) and then 96.42 (high Mar.28).