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    US Dollar buoyant near 95.00 on US data Pablo Piovano

    The greenback, measured by the US Dollar Index, is trading on a firm note today, posting moderate gains in the upper-94.00s.US Dollar firmer on US releases, FOMC eyedThe index has reverted yesterday’s gains and is now hovering over the vicinity of the key barrier at 95.00 the figure following auspicious results from the US docket, where Retail Sales, Import Prices and Export Prices have all surprised markets to the upside.USD remains well underpinned by the persistent risk aversion, while cautiousness amongst traders is expected to gather traction ahead of tomorrow’s FOMC meeting. Market participants have already ruled out a rate hike, although the ‘dots-plot’ has come under renewed attention, as investors remain divided on whether the Fed could still hike twice this year.US Dollar relevant levelsThe index is gaining 0.32% at 94.66 facing the next hurdle at 95.00 (23.6% Fibo of the May up move) followed by 95.59 (100-day sma) and then 95.96 (high May 30). On the flip side, a breach of 93.41 (low Jun.8) would open the door to 92.76 (78.6% Fibo of the May up move) and then 91.88 (2016 low May 3). 


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