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8 Sep 2015
US Dollar clings to 96.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals has recovered from daily lows near 95.70 and is now flirting with 96.00 the figure.
US Dollar unmotivated with data
The greenback extends losses for the third session in a row, amidst lack of clues regarding the timing of the rate hike by the Federal Reserve in spite of the solid performance of the US labour market as of late (173K in August).
With US markets back to regular activity after Monday’s Labor Day holiday, the Business Optimism Index gauged by NFIB came in just below estimates at 95.9 for the last month vs. 96.0 expected and July’s 95.4.
Next on tap will be the Fed’s Labour Market Conditions Index (1.1 prev.) followed by the Consumer Credit Change in July ($18.5 billion exp.)
US Dollar levels to consider
At the moment the index is losing 0.17% at 96.06 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 pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar unmotivated with data
The greenback extends losses for the third session in a row, amidst lack of clues regarding the timing of the rate hike by the Federal Reserve in spite of the solid performance of the US labour market as of late (173K in August).
With US markets back to regular activity after Monday’s Labor Day holiday, the Business Optimism Index gauged by NFIB came in just below estimates at 95.9 for the last month vs. 96.0 expected and July’s 95.4.
Next on tap will be the Fed’s Labour Market Conditions Index (1.1 prev.) followed by the Consumer Credit Change in July ($18.5 billion exp.)
US Dollar levels to consider
At the moment the index is losing 0.17% at 96.06 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 pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).