Back
20 May 2015
DXY volatile after FOMC minutes
FXStreet (Edinburgh) - The buoyant tone remains intact around the US Dollar Index on Wednesday, hovering over the mid-95.00s following the FOMC minutes.
DXY unchanged on Fed
The index kept the composure after many FOMC members argued a rates lift-off in June remains unlikely, although it has not been ruled out. Furthermore, the majority of members saw the economic growth resuming its moderate pace after the ‘temporary’ weakness experienced during the first quarter.
In addition, the Committee saw overseas risks coming mainly from China and Greece.
DXY relevant levels
The index is now advancing 0.37% at 95.62 and a surpass of 95.83 (high May 20) would aim for 96.18 (high Apr. 29) and finally 96.93 (high Apr.28). On the downside, the immediate support lines up at 94.08 (low May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).
DXY unchanged on Fed
The index kept the composure after many FOMC members argued a rates lift-off in June remains unlikely, although it has not been ruled out. Furthermore, the majority of members saw the economic growth resuming its moderate pace after the ‘temporary’ weakness experienced during the first quarter.
In addition, the Committee saw overseas risks coming mainly from China and Greece.
DXY relevant levels
The index is now advancing 0.37% at 95.62 and a surpass of 95.83 (high May 20) would aim for 96.18 (high Apr. 29) and finally 96.93 (high Apr.28). On the downside, the immediate support lines up at 94.08 (low May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).