TenkoFX - Analytics


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    US Dollar gains capped at 95.00

    The US Dollar Index, which tracks the greenback vs. its main rivals, is losing ground for the second straight day around the 94.85/90 band.US Dollar all eyes on the FOMC, YellenUSD remained apathetic following mixed results from today’s US docket, with Producer Prices and the Empire State regional manufacturing gauge surpassing estimates and Industrial/Manufacturing Production and Capacity Utilization coming in below expectations.Later in the NA session, the FOMC meeting is due. While a rate hike is all but ruled out, market participants will remain vigilant on the tone of the statement and the updated forecasts on growth and rates hike pace.US Dollar relevant levelsThe index is down 0.18% at 94.86 facing the next support at 93.41 (low Jun.8) ahead of 92.76 (78.6% Fibo of the May up move) and then 91.88 (2016 low May 3). On the other hand, a surpass of 95.55 (100-day sma) would aim for 95.96 (high May 30) and finally 96.59 (200-day sma).

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