Market News

US Dollar weaker, challenges 96.00

The greenback, measured by the US Dollar Index, is trading on a soft note today, hovering over the 96.00 handle ahead of the NA open.

US Dollar gives away gains

After two consecutive sessions with gains, the index is now giving away part of the recent advance to the boundaries of the 97.00 limestone on Monday, as global markets are attempting to recover from the post-Brexit sharp sell-off.

Ahead in the NA session, another revision of the US GDP during Q1 is expected, seconded by the S&P/Case-Shiller index and the Consumer Confidence gauge by the Conference Board.

US Dollar relevant levels

The index is retreating 0.54% at 96.04 facing the next hurdle at 96.86 (high Jun.27) followed by 97.09 (high Mar.16) and finally 98.58 (high Mar.1). On the flip side, a breach of 93.03 (low Jun.23) would expose 92.52 (low Aug.24 2015) and finally 91.88 (2016 low May 3).

News Source:http://www.fxstreet.com/

About the author

Yan

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *


Topics

forexing24-ad-1

forexing24-ad-2

  • analystfx-small.jpg
  • analystfx-small.jpg
  • medium.jpg
  • medium.jpg
  • medium.jpg
  • medium.jpg

Recommended Forex Broker

  • banner-300x250-gif-animation-2.gif