USD Index off highs, back to 97.50

USD Index off highs, back to 97.50
FXStreet (Edinburgh) – The USD Index, which tracks the greenback vs. its main rivals, has resumed its upside today, keeping the trade in the upper bound of the range beyond 97.50.

USD Index focused on US data

Poor results from the Chinese manufacturing PMI has triggered an offered tone in the risk-associated assets since early trade, with lacklustre readings in euro area PMIs adding to the dim sentiment during the European morning, all allowing the US dollar to reclaim part of the ground lost in recent sessions.

Next on tap in the US economy will be New Home Sales – expected at 546K in June – followed by Markit’s manufacturing PMI for the current month, seen at 53.6.

USD Index relevant levels

As of writing the index is gaining 0.39% at 97.49 and a surpass of 97.62 (high Jul.24) would aim for 98.46 (high Apr.21) and finally 99.36 (high Apr.15). On the flip side, the immediate support aligns at 97.13 (low Jul.24) followed by 96.89 (low Jul.23) and then 95.08 (low Jun.26).
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USD Index off highs, back to 97.50
Source: FXStreet