FXStreet (Edinburgh) – The US Dollar Index, which gauged the greenback vs. its main competitors, has resumed its upside and is now flirting with daily tops near 95.20.
DXY backed by yields, Greece
The better performance of US Treasuries today is giving support to the recovery in the greenback, regaining 95.00 and beyond. In addition, the increasing uncertainty around Greece, today’s IMF repayment and the potential outcome of Sunday’s referendum keep weighing on sentiment and will likely drive prices in the near term.
In the data space, Chicago’s PMI, the S&P/Case-Shiller index and Consumer Confidence are all due across the pond.
DXY relevant levels
As of writing the index is advancing 0.50% at 95.26 and a break above 96.39 (high Jun. 29) would open the door to 96.54 (high Jun.8) and finally 96.91 (high Jun.5). On the flip side, the immediate support aligns at 94.30 (low Jun.23) ahead of 93.81 (low Jun.22) and then 93.57 (low Jun.18).
(Market News Provided by FXstreet)