13 May 2015
DXY in red near 94.40
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main competitors, is extending the weekly decline to the area of 94.40 so far.
DXY focus on US docket
The index is retreating for the second consecutive session, after hitting fresh tops above the 95.00 handle earlier in the week. The re-emergence of the risk appetite in last sessions has forced the dollar to give away some of the recent gains, although a better tone from today’s US Retail Sales could give back the USD part of its shine.
Prior surveys expect headline sales to have expanded 0.2% on a monthly basis during April, while sales excluding Autos are expected at 0.5% MoM.
DXY relevant levels
The index is now retreating 0.16% at 94.38 and a drop below 93.89 (low May 7) would aim for 93.80 (low Feb.17) and then 93.53 (low Feb.6). On the upside, the immediate resistance lines up at 95.25 (high May 11) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29).
DXY focus on US docket
The index is retreating for the second consecutive session, after hitting fresh tops above the 95.00 handle earlier in the week. The re-emergence of the risk appetite in last sessions has forced the dollar to give away some of the recent gains, although a better tone from today’s US Retail Sales could give back the USD part of its shine.
Prior surveys expect headline sales to have expanded 0.2% on a monthly basis during April, while sales excluding Autos are expected at 0.5% MoM.
DXY relevant levels
The index is now retreating 0.16% at 94.38 and a drop below 93.89 (low May 7) would aim for 93.80 (low Feb.17) and then 93.53 (low Feb.6). On the upside, the immediate resistance lines up at 95.25 (high May 11) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29).