Wednesday, September 9, 2015

US Dollar flat around 96.00

FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, is clinging to daily gains around the 96.00 handle.

US Dollar trims gains

The greenback is coming from the 95.80 area although it could not sustain a break above session tops around 96.20 in a context favourable to the risk-associated assets.

A light data in the US docket will prompt investors to look for catalyst somewhere else, with the focus on Chinese events and any clues on the timing of the Fed’s lift-off.

Data today includes Mortgage Applications by MBA and JOLTS Job Openings, ahead of tomorrow’s Initial Claims and Friday’s Reuters/Michigan index.

US Dollar levels to consider

At the moment the index is up 0.02% at 96.04 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).
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