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27 Feb 2015
DXY keeps the 95.00 handle
FXStreet (Edinburgh) - The US dollar index, which tracks the USD strength against its main competitors, managed to revert the knee-jerk to the 94.80 area on Friday, and is now closing the session around 95.30.
DXY focus on Payrolls
The greenback ends the week bolstered by the firmer inflation figures printed in the US economy during January, fuelling speculations that the Fed could start its hiking cycle in the upcoming months.
Ahead in the week, the US calendar looks packed with relevant releases and Fedspeak, although Friday’s Payrolls will take centre stage as usual (257K prev.).
DXY levels to consider
The index is now losing 0.08% at 95.28. The immediate support lies at 94.07 (low Feb.26) followed by 93.90 (low Feb.19) and finally 93.87 (low Feb.17). On the flip side, a surpass of 95.77 (high Jan.23) would open the door to 95.84 (high Jan.26) ahead of the psychological handle at 96.00.
DXY focus on Payrolls
The greenback ends the week bolstered by the firmer inflation figures printed in the US economy during January, fuelling speculations that the Fed could start its hiking cycle in the upcoming months.
Ahead in the week, the US calendar looks packed with relevant releases and Fedspeak, although Friday’s Payrolls will take centre stage as usual (257K prev.).
DXY levels to consider
The index is now losing 0.08% at 95.28. The immediate support lies at 94.07 (low Feb.26) followed by 93.90 (low Feb.19) and finally 93.87 (low Feb.17). On the flip side, a surpass of 95.77 (high Jan.23) would open the door to 95.84 (high Jan.26) ahead of the psychological handle at 96.00.