Back
22 Jun 2015
DXY keeps gains above 94.00
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, extends its rebound beyond the 94.00 barrier after dropping to 93.80 in early trade.
DXY attention to Greece, US data
The US dollar has left session lows and managed to regain the 94.00 handle, reverting the initial soft tone and climbing as high as the boundaries of 94.40, all against the backdrop of rising unease in the markets regarding Greece.
Ahead in the day, both Eurogroup and EU Leaders meetings will take centre stage, followed by the less relevant Existing Home Sales across the pond. Consensus expects home sales to have increased to 5.26M during the last month.
DXY levels to watch
The index is now advancing 0.13% at 94.21 with the next resistance at 94.42 (high Jun.19) followed by 95.68 (high Jun.12) and then 96.91 (high Jun.5). On the other hand, a break below 93.90 (low Jun.19) would open the door to 93.29 (low Jun.17) and finally 93.17 (low May 17).
DXY attention to Greece, US data
The US dollar has left session lows and managed to regain the 94.00 handle, reverting the initial soft tone and climbing as high as the boundaries of 94.40, all against the backdrop of rising unease in the markets regarding Greece.
Ahead in the day, both Eurogroup and EU Leaders meetings will take centre stage, followed by the less relevant Existing Home Sales across the pond. Consensus expects home sales to have increased to 5.26M during the last month.
DXY levels to watch
The index is now advancing 0.13% at 94.21 with the next resistance at 94.42 (high Jun.19) followed by 95.68 (high Jun.12) and then 96.91 (high Jun.5). On the other hand, a break below 93.90 (low Jun.19) would open the door to 93.29 (low Jun.17) and finally 93.17 (low May 17).