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15 Apr 2015
DXY flirting with 99.00
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, keeps the recovery alive on Wednesday, looking to regain the 99.00 handle.
DXY hurt by US data
The greenback once again suffered the poor data releases in the US economy, where Industrial Production and Capacity Utilization came in below estimates during March. The exception was the Housing Market Index gauged by NAHB, up to 56 vs. 55 forecasted and 52 previous.
Next on tap will be the Fed’s Beige Book followed by the TIC Flows.
DXY relevant levels
The index is now up 0.21% at 98.93 and a surpass of 99.99 (high Apr.13) would target 100.00 (psychological handle) and then 100.19 (high Mar.16). On the other hand, the immediate support lines up at 98.04 (low Apr.9) followed by 97.26 (low Apr.8) and finally 96.93 (low Apr.7).
DXY hurt by US data
The greenback once again suffered the poor data releases in the US economy, where Industrial Production and Capacity Utilization came in below estimates during March. The exception was the Housing Market Index gauged by NAHB, up to 56 vs. 55 forecasted and 52 previous.
Next on tap will be the Fed’s Beige Book followed by the TIC Flows.
DXY relevant levels
The index is now up 0.21% at 98.93 and a surpass of 99.99 (high Apr.13) would target 100.00 (psychological handle) and then 100.19 (high Mar.16). On the other hand, the immediate support lines up at 98.04 (low Apr.9) followed by 97.26 (low Apr.8) and finally 96.93 (low Apr.7).