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11 Sep 2015
US Dollar keeps gains around 95.50
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, keeps the positive note today, advancing to the mid-95.00s.
US Dollar indifferent on data
The index remained apathetic after US Producer Prices surprised markets to the upside in August, with headline prices coming in flat inter-month. Prices excluding food and energy costs rose 0.3% Mom and 0.9% over the last twelve months.
The greenback will take centre stage in the upcoming sessions in light of the critical FOMC meeting due on Wednesday. Market expectations of a Fed’s lift-off this month are now significantly lower, as market participants now seem to perceive December as a better timing for a rate hike.
US Dollar levels to consider
At the moment the index is up 0.04% at 95.49 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would expose 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar indifferent on data
The index remained apathetic after US Producer Prices surprised markets to the upside in August, with headline prices coming in flat inter-month. Prices excluding food and energy costs rose 0.3% Mom and 0.9% over the last twelve months.
The greenback will take centre stage in the upcoming sessions in light of the critical FOMC meeting due on Wednesday. Market expectations of a Fed’s lift-off this month are now significantly lower, as market participants now seem to perceive December as a better timing for a rate hike.
US Dollar levels to consider
At the moment the index is up 0.04% at 95.49 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would expose 96.57 (high Aug.20) and then 97.07 (high Aug.19).