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11 Mar 2015
DXY keeps gains above 99.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback against a basket of its main competitors, is posting fresh highs above the 99.00 handle.
DXY closer to 100.00
The index is trading in levels last seen in September 2003 beyond 99.00 the figure on Wednesday, keeping buyers in the risk-associated universe largely at bay.
The dollar is extending its upbeat momentum backed by expectations of a hawkish tone in the FOMC meeting next week and speculations of a Fed’s rate hike in the June meeting, all propped up by the solid pace of the US labour market.
DXY levels to consider
The index is now advancing 0.85% at 99.45 with the next resistance 100.00 (psychological level). On the downside, a breakdown of 97.77 (low Mar.10) would target 97.31 (low Mar.9) en route to 96.32 (low Mar.6).
DXY closer to 100.00
The index is trading in levels last seen in September 2003 beyond 99.00 the figure on Wednesday, keeping buyers in the risk-associated universe largely at bay.
The dollar is extending its upbeat momentum backed by expectations of a hawkish tone in the FOMC meeting next week and speculations of a Fed’s rate hike in the June meeting, all propped up by the solid pace of the US labour market.
DXY levels to consider
The index is now advancing 0.85% at 99.45 with the next resistance 100.00 (psychological level). On the downside, a breakdown of 97.77 (low Mar.10) would target 97.31 (low Mar.9) en route to 96.32 (low Mar.6).