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10 Sep 2015
US Dollar flat around 96.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, is trading almost unchanged on Thursday, hovering over the 96.00 handle so far.
US Dollar unmotivated by data
The index remains in the negative ground so far, snapping two consecutive weeks with gains while market participants are still doubtful on a potential rate hike by the Fed this month.
Nothing worth mentioning on the data front today, with Initial Claims coming in in line with expectations and Export/Import Prices contracting more than initially estimated.
US Dollar levels to consider
At the moment the index is down 0.04% at 95.96 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would expose 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar unmotivated by data
The index remains in the negative ground so far, snapping two consecutive weeks with gains while market participants are still doubtful on a potential rate hike by the Fed this month.
Nothing worth mentioning on the data front today, with Initial Claims coming in in line with expectations and Export/Import Prices contracting more than initially estimated.
US Dollar levels to consider
At the moment the index is down 0.04% at 95.96 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would expose 96.57 (high Aug.20) and then 97.07 (high Aug.19).