FXStreet (Edinburgh) – The US Dollar Index, which tracks the greenback vs. its major competitors, is posting marginal losses today, albeit keeping the trade above the 96.00 mark.
DXY focus on Payrolls
The index keeps intact its weekly advance, managing to regain the 96.00 handle and beyond and thus covering Monday’s gap higher following the Greek developments over the last weekend.
Ahead in the session, the most relevant event will be June’s Payrolls, unusually released on Thursday due to the Independence Day holiday on Friday. Prior surveys expect the US economy to have created 230K during last month, down from May’s 280K.
DXY relevant levels
As of writing the index is retreating 0.06% at 96.25 and a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18). On the flip side, the initial resistance aligns at 96.41 (high Jul. 2) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5).
(Market News Provided by FXstreet)