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28 May 2015
DXY in highs near 97.60
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, is extending its upside on Thursday beyond the mid-97.00s.
DXY indifferent on data, Greece eyed
Greek headlines have been innocuous for the greenback so far, in a context where Greek officials have been arguing that a deal is closer and can be clinched on Sunday and their EU peers stating just the opposite.
Nothing really relevant in the US calendar, with Initial Claims rising to 282K in the week ended on May 22nd and Pending Home Sales surpassing estimates at 3.4% from March to April.
DXY relevant levels
The index is now up 0.21% at 97.57 and a breakout of 97.77 (high May 27) would aim for 98.13 (high Apr.22) and then 98.41 (high Apr.23). On the other hand, the initial support aligns at 96.89 (low May 27) followed by 94.82 (low May 22) and finally 94.08 (low May 19).
DXY indifferent on data, Greece eyed
Greek headlines have been innocuous for the greenback so far, in a context where Greek officials have been arguing that a deal is closer and can be clinched on Sunday and their EU peers stating just the opposite.
Nothing really relevant in the US calendar, with Initial Claims rising to 282K in the week ended on May 22nd and Pending Home Sales surpassing estimates at 3.4% from March to April.
DXY relevant levels
The index is now up 0.21% at 97.57 and a breakout of 97.77 (high May 27) would aim for 98.13 (high Apr.22) and then 98.41 (high Apr.23). On the other hand, the initial support aligns at 96.89 (low May 27) followed by 94.82 (low May 22) and finally 94.08 (low May 19).