FXStreet (Edinburgh) – The US Dollar Index, which tracks the greenback vs. its main competitors, is extending its upside momentum today, currently testing t he 95.60 area.
US Dollar attention to US docket
The dollar’s momentum remains intact during the first half of the week, although a break above the critical 96.00 handle still remains elusive for EUR-bulls. Ahead in the session, the dollar will remain in the limelight as the US ADP Employment Report, Factory Orders and the Fed’s Beige Book are all due.
Market expectations see the US private sector adding 201K jobs during the last month, while Orders are seen expanding at a monthly pace of 0.9% during July.
US Dollar levels to consider
At the moment the index is up 0.15% at 95.59 with the next hurdle at 95.89 (high Sep.1) followed by 96.57 (high Aug.20) and then 97.07 (high Aug.19). On the downside, a break below 95.19 (low Sep.1) would aim for 94.99 (low Aug.24) and finally 93.92 (low Aug.26).
(Market News Provided by FXstreet)