FXStreet (Edinburgh) – The greenback, in terms of the US Dollar Index, has regained the 95.00 handle and is posting session highs around 95.20/25.
DXY focus on US releases
The index keeps the recovery intact after bottoming out in the 94.70 area during the Asian trading hours. The risk-off trade is prevailing amongst investors today amidst mounting concerns on the Greek situation following the neutral (fiasco?) meeting between Merkel, Tsipras and Hollande on Wednesday.
Ahead in the session, anticipated US Retail Sales and the weekly report on the labour market are due, with prior surveys seeing headline sales advancing at a monthly pace of 1.1%, up from April’s flat reading.
DXY levels to consider
The index is now advancing 0.50% at 95.12 with the initial hurdle at 95.45 (high Jun.9) followed by 96.91 (high Jun.5) and finally 97.68 (high Jun.1). On the flip side, a breach of 94.32 (low Jun.10) would expose 94.09 (low May 19) and then 93.27 (low May 18).
(Market News Provided by FXstreet)