Back
21 Apr 2015
DXY turns negative at 97.80
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, has plummeted to session lows in the 97.70 neighbourhood.
DXY down from 98.50
After reaching 3-day peaks in the mid-98.00s, a wave of selling interest has sent the index back to the proximity of 97.70, or intraday lows. Increasing concerns regarding the situation in Greece in light of the Eurogroup meeting on Friday gave initial vigour to the US dollar, although the upside stalled near 98.50.
Nothing of relevance in the US docket today, with the next risk event coming in tomorrow with Existing Home Sales and Housing Price Index.
DXY relevant levels
The index is now retreating 0.12% at 97.81 with the next hurdle at 98.66 (high Mar.31) ahead of 99.18 (high Apr.9) and then 99.36 (high Apr.15). On the other hand, a breakdown of 97.00 (low Apr.17) would target 96.93 (low Apr.7) en route to 96.33 (low Apr.6).
DXY down from 98.50
After reaching 3-day peaks in the mid-98.00s, a wave of selling interest has sent the index back to the proximity of 97.70, or intraday lows. Increasing concerns regarding the situation in Greece in light of the Eurogroup meeting on Friday gave initial vigour to the US dollar, although the upside stalled near 98.50.
Nothing of relevance in the US docket today, with the next risk event coming in tomorrow with Existing Home Sales and Housing Price Index.
DXY relevant levels
The index is now retreating 0.12% at 97.81 with the next hurdle at 98.66 (high Mar.31) ahead of 99.18 (high Apr.9) and then 99.36 (high Apr.15). On the other hand, a breakdown of 97.00 (low Apr.17) would target 96.93 (low Apr.7) en route to 96.33 (low Apr.6).