Back
11 May 2015
DXY consolidating around 95.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. a basket of its major competitors, is looking to stabilize around the 95.00 mark on Monday.
DXY supported at 94.90
After an ephemeral test of session lows near 94.90, the index has managed to quickly gather traction and retake the key level at 95.00. The dollar is trading in a mixed tone vs. the rest of the G10 space, although the broader sentiment remains pretty flat.
Market mood will remain dominated by the headlines from the Eurogroup meeting for the rest of the session, while April’s Labor Market Conditions Index is the only release due in the US calendar (-0.3 prev.).
DXY relevant levels
The index is now advancing 0.31% at 95.08 with the initial resistance at 95.25 (high May 11) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29). On the downside, a drop below 94.80 (low May 11) would open the door to 93.89 (low May 7) and then 93.80 (low Feb.17).
DXY supported at 94.90
After an ephemeral test of session lows near 94.90, the index has managed to quickly gather traction and retake the key level at 95.00. The dollar is trading in a mixed tone vs. the rest of the G10 space, although the broader sentiment remains pretty flat.
Market mood will remain dominated by the headlines from the Eurogroup meeting for the rest of the session, while April’s Labor Market Conditions Index is the only release due in the US calendar (-0.3 prev.).
DXY relevant levels
The index is now advancing 0.31% at 95.08 with the initial resistance at 95.25 (high May 11) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29). On the downside, a drop below 94.80 (low May 11) would open the door to 93.89 (low May 7) and then 93.80 (low Feb.17).