7 Jul 2015
DXY flirting with highs near 97.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main rivals, is prolonging its upbeat momentum and testing multi-week tops near 97.00 the figure.
DXY firmer on Greece
The US dollar continues to gather traction against the backdrop of rising jitters on the Greek situation. The risk-off trade is prevailing in the global markets ahead of the EU Leaders Summit due later in the European evening, where PM A.Tsipras is expected to submit another set of proposals to be assessed by the EU institutions.
In the US calendar, the only release of note will be the IBD/TIPP Economic Optimism index ahead of the FOMC minutes due tomorrow.
DXY relevant levels
As of writing the index is advancing 0.57% at 96.85 with the next hurdle at 97.34 (high Jun.5) ahead of 97.76 (high Jun.1) and finally 98.00 (high Jun.2). On the flip side, a breakdown of 96.59 (low Jul.6) would target 96.04 (low Jul.3) en route to 95.64 (low Jul.1).
DXY firmer on Greece
The US dollar continues to gather traction against the backdrop of rising jitters on the Greek situation. The risk-off trade is prevailing in the global markets ahead of the EU Leaders Summit due later in the European evening, where PM A.Tsipras is expected to submit another set of proposals to be assessed by the EU institutions.
In the US calendar, the only release of note will be the IBD/TIPP Economic Optimism index ahead of the FOMC minutes due tomorrow.
DXY relevant levels
As of writing the index is advancing 0.57% at 96.85 with the next hurdle at 97.34 (high Jun.5) ahead of 97.76 (high Jun.1) and finally 98.00 (high Jun.2). On the flip side, a breakdown of 96.59 (low Jul.6) would target 96.04 (low Jul.3) en route to 95.64 (low Jul.1).