FXStreet (Edinburgh) – The bid tone around the greenback remains intact on Thursday, now lifting the US Dollar Index to the area of 95.40, just below daily peaks.
DXY focus on Greece, US data
While uncertainties around Greece and the debt talks with its EU creditors remain a source of support for the US dollar so far, today’s relevant releases in the US economy also promise to keep USD in the limelight.
In fact, Initial Claims (272K exp.), Personal Income/Spending and Services PMI gauged by Markit (56.7 exp.) are all due later in the US calendar.
DXY relevant levels
As of writing the index is up 0.17% at 95.42 facing the next hurdle at 96.26 (high May 22) ahead of 96.54 (high Jun.8) and finally 96.91 (high Jun.5). On the flip side, a break below 94.30 (low Jun.23) would open the door to 93.81 (low Jun.22) and then 93.57 (low Jun.18).
(Market News Provided by FXstreet)