FXStreet (Edinburgh) – The greenback, in terms of the US Dollar Index, has recovered from the dip to sub-95.00 levels and is now printing session tops in the 95.50/55 band.
DXY firmer as bid tone re-emerges
The dollar has managed to recover the initial bid tone after dropping to session lows near 94.80, helped by month/quarter-end flows and the still confusion scenario in Greece ahead of the decisive referendum on Sunday.
Data wise in the US economy, the S&P/Case-Shiller index and the Chicago PMI both missed expectations today, while Consumer Confidence surpassed the median for the current month.
DXY relevant levels
As of writing the index is advancing 0.69% at 95.44 and a break above 96.39 (high Jun. 29) would open the door to 96.54 (high Jun.8) and finally 96.91 (high Jun.5). On the flip side, the immediate support aligns at 94.30 (low Jun.23) ahead of 93.81 (low Jun.22) and then 93.57 (low Jun.18).
The greenback, in terms of the US Dollar Index, has recovered from the dip to sub-95.00 levels and is now printing session tops in the 95.50/55 band…
(Market News Provided by FXstreet)