FXStreet (Edinburgh) – The US Dollar Index, which gauges the greenback vs. its main competitors, is now trading almost unchanged around 95.30.
DXY bounces off 94.90
After bottoming out at overnight troughs near 94.90, the index has managed not only to regain the 95.000 mark but also to revert the initial pullback and is now flirting with the positive territory.
Nothing in terms of significant news or event today, with the only release of note being the NFIB’s Business Optimism Index for the month of May (96.6 prev.).
DXY levels to consider
The index is now retreating 0.01% at 95.28 and a breakdown of 94.85 (low Jun.9) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19). On the other hand, the initial up barrier lines up at 95.45 (high Jun.9) followed by 96.91 (high Jun.5) and finally 97.68 (high Jun.1).
(Market News Provided by FXstreet)