FXStreet (Edinburgh) – The US Dollar Index, which tracks the greenback vs. its main rivals, keeps the red territory in the US session, currently toying with the 96.00 mark.
US Dollar upside limited around 96.20
After bottoming out in the 95.60 area in early trade, the recovery run out of legs in the vicinity of 96.20, triggering the current leg lower to the 96.00 neighbourhood.
The sentiment around the dollar remains dominated by month-end flows and risk appetite trends today, while poor releases from the Dallas Fed index and the Chicago PMI were largely unnoticed by markets.
US Dollar levels to consider
At the moment the index is losing 0.13% at 95.98and a breach of 95.32 (low Aug.28) would aim for 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the flip side, the next hurdle lines up at 96.32 (high Aug.28) followed by 96.57 (high Aug.20) and then 97.07 (high Aug.19).
The US Dollar Index, which tracks the greenback vs. its main rivals, keeps the red territory in the US session, currently toying with the 96.00 mark…
(Market News Provided by FXstreet)