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9 Apr 2015
DXY clinches 99.00
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, is intensifying its upside on Thursday, currently hovering over the key 99.00 barrier.
DXY in 2-week peaks
The US dollar is reverting a 2-week negative streak so far, advancing just above the 99.00 mark, level last seen in late March. The USD accelerated its momentum after IMF Chief C.Lagarde argued that the outlook for the US economy is ‘quite rosy’, mirrored by the current levels of the greenback.
In addition, US Initial Claims surprised to the upside today, dropping to 281K in the week ended on April 3 vs. 285K expected, giving the USD another reason to advance.
DXY relevant levels
The index is now up 1.17% at 99.08 and a break above 99.11 (high Mar.20) would target 99.46 (high Mar.19) and then 99.79 (high Mar.18). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).
DXY in 2-week peaks
The US dollar is reverting a 2-week negative streak so far, advancing just above the 99.00 mark, level last seen in late March. The USD accelerated its momentum after IMF Chief C.Lagarde argued that the outlook for the US economy is ‘quite rosy’, mirrored by the current levels of the greenback.
In addition, US Initial Claims surprised to the upside today, dropping to 281K in the week ended on April 3 vs. 285K expected, giving the USD another reason to advance.
DXY relevant levels
The index is now up 1.17% at 99.08 and a break above 99.11 (high Mar.20) would target 99.46 (high Mar.19) and then 99.79 (high Mar.18). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).