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9 Jul 2015
DXY challenges highs near 96.60
FXStreet (Edinburgh) - The US Dollar Index, which tracks a basket of its main rivals, has reverted the initial weakness and is now toying with session peaks near 96.60.
DXY stronger on Greek woes
The renewed bid tone around the dollar has boosted the index today, leaving behind yesterday’s pullback and focusing instead in the recent topside around the 97.00 neighbourhood.
Despite hopes of a potential EU-Greece agreement remain intact, the prevailing confusion and, at the same time, rising fears of a ‘Grexit’ scenario have been sustaining the USD momentum and hurting its risk-associated peers as a consequence.
DXY relevant levels
As of writing the index is advancing 0.32% at 96.60 with the next hurdle at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the other hand, a breach of 96.04 (low Jul.3) would target 95.48 (low Jul.1) en route to 94.30 (low Jun.23).
DXY stronger on Greek woes
The renewed bid tone around the dollar has boosted the index today, leaving behind yesterday’s pullback and focusing instead in the recent topside around the 97.00 neighbourhood.
Despite hopes of a potential EU-Greece agreement remain intact, the prevailing confusion and, at the same time, rising fears of a ‘Grexit’ scenario have been sustaining the USD momentum and hurting its risk-associated peers as a consequence.
DXY relevant levels
As of writing the index is advancing 0.32% at 96.60 with the next hurdle at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the other hand, a breach of 96.04 (low Jul.3) would target 95.48 (low Jul.1) en route to 94.30 (low Jun.23).