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8 May 2015
DXY flat around 94.60
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main rivals, has reverted the initial upside and is now hovering over the 94.00 handle.
DXY focus on Payrolls
After hitting the vicinity of the 95.00 handle in early trade, the index has surrendered those gains and is now alternating gains and losses around the 94.60 area.
Ahead in the session, the USD will be under pressure in light of the US Non-farm Payrolls, with consensus expecting the US economy to have added 225K jobs during the last month, returning to the +200K levels and leaving behind the poor 126K posted in March.
DXY relevant levels
The index is now advancing 0.01% at 94.65 with the initial resistance at 94.96 (high May 8) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29). On the downside, a drop below 93.89 (low May 7) would aim for 93.80 (low Feb.17) and then 93.26 (low Feb.3).
DXY focus on Payrolls
After hitting the vicinity of the 95.00 handle in early trade, the index has surrendered those gains and is now alternating gains and losses around the 94.60 area.
Ahead in the session, the USD will be under pressure in light of the US Non-farm Payrolls, with consensus expecting the US economy to have added 225K jobs during the last month, returning to the +200K levels and leaving behind the poor 126K posted in March.
DXY relevant levels
The index is now advancing 0.01% at 94.65 with the initial resistance at 94.96 (high May 8) ahead of 95.62 (high May 4) and finally 96.18 (high Apr.29). On the downside, a drop below 93.89 (low May 7) would aim for 93.80 (low Feb.17) and then 93.26 (low Feb.3).