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22 Apr 2015
DXY toying with 98.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main competitors, is extending its rebound from session lows and currently testing the 98.00 mark.
DXY firmer on US data
The index gathered further steam after the positive results from the US housing sector, showing Existing Home Sales coming in above expectations for the month of March, and the Housing Price Index advancing 0.7% on a monthly basis during February.
The greenback is now retreating for the first time since Monday, with the previous upside being propped up by an improved sentiment in the risk-off trade and increasing jitters around Greece.
DXY relevant levels
The index is now retreating 0.13% at 97.87 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 firmer on US data
The index gathered further steam after the positive results from the US housing sector, showing Existing Home Sales coming in above expectations for the month of March, and the Housing Price Index advancing 0.7% on a monthly basis during February.
The greenback is now retreating for the first time since Monday, with the previous upside being propped up by an improved sentiment in the risk-off trade and increasing jitters around Greece.
DXY relevant levels
The index is now retreating 0.13% at 97.87 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).