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8 Jun 2015
DXY plummets to 95.60
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, has completely faded the post-Payrolls spike and is now at session lows in the 95.60 area.
DXY lower on risk sentiment
The index has started the week on the wrong footing so far, amidst a profit-taking session following the recent recovery and a resurgence of the risk appetite sentiment. The USD accelerated its decline following rumours that President B.Obama was concerned regarding the strong dollar, although those rumours were later denied.
Nothing in terms of data releases to help the greenback curb the current negative bias appears during the first half of the week, whereas US Retail Sales and Initial Claims on Thursday will be the immediate and most significant risk events across the pond.
DXY levels to consider
The index is now retreating 0.65% at 95.68 and a breakdown of 95.36 (low Jun.5) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19). On the other hand, the initial up barrier lines up at 96.91 (high Jun.5) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27).
DXY lower on risk sentiment
The index has started the week on the wrong footing so far, amidst a profit-taking session following the recent recovery and a resurgence of the risk appetite sentiment. The USD accelerated its decline following rumours that President B.Obama was concerned regarding the strong dollar, although those rumours were later denied.
Nothing in terms of data releases to help the greenback curb the current negative bias appears during the first half of the week, whereas US Retail Sales and Initial Claims on Thursday will be the immediate and most significant risk events across the pond.
DXY levels to consider
The index is now retreating 0.65% at 95.68 and a breakdown of 95.36 (low Jun.5) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19). On the other hand, the initial up barrier lines up at 96.91 (high Jun.5) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27).