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27 Mar 2015
DXY in red around 97.30
FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is back to the negative territory at the end of the week, currently hovering over the 97.30 area.
DXY down from 98.00
Mixed results from the US docket today removed the tailwinds that have been supporting the index in the last sessions, dragging it from daily peaks in the 98.00 neighbourhood to as low as levels just below the 97.00 handle.
The dollar is thus retreating for the second consecutive week in a row after hitting peaks in levels last seen in March 2003 beyond the psychological 100.00 mark.
DXY levels to consider
The index is now losing 0.17% at 97.26 and a breakdown of 96.99 (low Mar.27) would expose 96.17 (low Mar.26) and finally 95.84 (low Mar.5). On the upside, the initial hurdle lies at 97.92 (high Mar.27) ahead of 98.23 (high Mar.23) and then 99.11 (high Mar.20).
DXY down from 98.00
Mixed results from the US docket today removed the tailwinds that have been supporting the index in the last sessions, dragging it from daily peaks in the 98.00 neighbourhood to as low as levels just below the 97.00 handle.
The dollar is thus retreating for the second consecutive week in a row after hitting peaks in levels last seen in March 2003 beyond the psychological 100.00 mark.
DXY levels to consider
The index is now losing 0.17% at 97.26 and a breakdown of 96.99 (low Mar.27) would expose 96.17 (low Mar.26) and finally 95.84 (low Mar.5). On the upside, the initial hurdle lies at 97.92 (high Mar.27) ahead of 98.23 (high Mar.23) and then 99.11 (high Mar.20).