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1 Sep 2015
US Dollar trims losses, around 95.50
FXStreet (Edinburgh) - After hitting session lows in the 95.20 area, the US Dollar Index – which tracks the greenback vs. its main rivals – has now regained the 95.50 region, albeit still trades in the red territory.
US Dollar extends the downside
In the meantime, the index continues to retrace the important rally seen last week despite recent evidence that market expectations of a Fed’s lift-off this month continues to slowly build up.
Ahead in the session, the US manufacturing sector will be in the spotlight, as Markit’s PMI and the ISM gauges are due.
US Dollar levels to consider
At the moment the index is losing 0.30% at 95.53 and a breach of 95.19 (low Sep.1) would aim for 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the flip side, the next hurdle lines up at 95.89 (high Sep.1) followed by 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar extends the downside
In the meantime, the index continues to retrace the important rally seen last week despite recent evidence that market expectations of a Fed’s lift-off this month continues to slowly build up.
Ahead in the session, the US manufacturing sector will be in the spotlight, as Markit’s PMI and the ISM gauges are due.
US Dollar levels to consider
At the moment the index is losing 0.30% at 95.53 and a breach of 95.19 (low Sep.1) would aim for 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the flip side, the next hurdle lines up at 95.89 (high Sep.1) followed by 96.57 (high Aug.20) and then 97.07 (high Aug.19).