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3 Jun 2015
DXY regains 96.00 and above
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, has retaken the 96.00 handle and advances to the 96.20 area.
DXY eyes on ADP
The index is recovering part of the ground lost yesterday after the Greece-induced deep pullback sent the dollar to weekly lows around 95.70. The dollar is gaining further upside momentum today after hopes on a EU-Greece deal have once again fell into the Greek limbo, now casting a mantle of doubts on the possibility of a deal this week.
Ahead in the session, the ADP report is due in the US economy, with prior surveys expecting the private sector to have created 200K jobs during May.
DXY relevant levels
The index is now up 0.38% at 96.19 and a break above 97.68 (high Jun.1) would aim for 97.77 (high May 27) and finally 98.13 (high Apr.22). On the downside, the immediate support lines up at 95.67 (low Jun.2) followed by 95.05 (low May 21) and then 94.82 (low May 22).
DXY eyes on ADP
The index is recovering part of the ground lost yesterday after the Greece-induced deep pullback sent the dollar to weekly lows around 95.70. The dollar is gaining further upside momentum today after hopes on a EU-Greece deal have once again fell into the Greek limbo, now casting a mantle of doubts on the possibility of a deal this week.
Ahead in the session, the ADP report is due in the US economy, with prior surveys expecting the private sector to have created 200K jobs during May.
DXY relevant levels
The index is now up 0.38% at 96.19 and a break above 97.68 (high Jun.1) would aim for 97.77 (high May 27) and finally 98.13 (high Apr.22). On the downside, the immediate support lines up at 95.67 (low Jun.2) followed by 95.05 (low May 21) and then 94.82 (low May 22).