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21 Aug 2015
US Dollar keeps falling, focus on 95.00
FXStreet (Edinburgh) - The selling pressure is not giving up around the greenback, now dragging the US Dollar Index to fresh lows near the critical support at 95.00 the figure.
US Dollar down from 95.80
The greenback is extending its decline to multi-week levels around the 95.00 handle today, as market participants continue to unwind USD-long positions in light of the lack of clues regarding the timing of a rate hike by the Fed.
In addition, today’s flash manufacturing PMI tracked by Markit has disappointed expectations, coming in at 52.9 for the current month vs. 54.0 expected and down from July’s 53.8.
US Dollar relevant levels
As of writing the index is down 0.98% at 95.03 facing the immediate support at 94.93 (low Jun.24) ahead of 94.72 (low Jun.29) and finally 94.30 (low Jun.23). On the upside, a breakout of 96.57 (high Aug.20) would aim for 97.07 (high Aug.19) and then 97.33 (high Aug.12).
US Dollar down from 95.80
The greenback is extending its decline to multi-week levels around the 95.00 handle today, as market participants continue to unwind USD-long positions in light of the lack of clues regarding the timing of a rate hike by the Fed.
In addition, today’s flash manufacturing PMI tracked by Markit has disappointed expectations, coming in at 52.9 for the current month vs. 54.0 expected and down from July’s 53.8.
US Dollar relevant levels
As of writing the index is down 0.98% at 95.03 facing the immediate support at 94.93 (low Jun.24) ahead of 94.72 (low Jun.29) and finally 94.30 (low Jun.23). On the upside, a breakout of 96.57 (high Aug.20) would aim for 97.07 (high Aug.19) and then 97.33 (high Aug.12).