US Dollar challenges 96.00, session lows

The greenback, tracked by the US Dollar Index, is prolonging its weekly rout and is currently testing the key support at 96.00 the figure.

US Dollar weaker ahead of US data

The index is retreating since Tuesday, coming down from Monday’s peaks in the vicinity of 96.80 as the preference for the riskier assets remain unabated in the global markets.

USD will take centre stage later in the NA session in light of the publication of June’s inflation figures tracked by the CPI, the Reuters/Michigan index, Retail Sales, Industrial Production and Business Inventories.

US Dollar relevant levels

The index is losing 0.14% at 95.94 and a breakdown of 95.68 (20-day sma) would open the door to 95.38 (low Jul.5) and then 94.94 (55-day sma). On the flip side, the next up barrier aligns at 96.86 (high Jun.27) followed by 97.09 (high Mar.16) and finally 98.58 (high Mar.1).