FXStreet (Edinburgh) – The US Dollar Index, which tracks the greenback vs. its main rivals, extends its buoyant tone on Monday, currently hovering over 97.30.
DXY attention to the US calendar
Market participants have already left behind the miserable prints from the US GDP Annualized during the first quarter, now focusing instead on the upcoming key US docket.
The USD performance will remain under scrutiny ahead in the session, in light of the US ISM Manufacturing, Markit’s manufacturing PMI and Personal Income/Spending. Prior surveys expect the critical ISM Manufacturing to come in a tad better in May at 52.0 vs. April’s 51.5.
DXY relevant levels
The index is now up 0.50% at 97.39 and a breakout of 97.51 (high Jun.1) would aim for 97.77 (high May 27) and finally 98.13 (high Apr.22). On the other hand, the initial support aligns at 96.87 (low Jun.1) ahead of 96.75 (low May 29) and then 94.82 (low May 22).
(Market News Provided by FXstreet)