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4 Sep 2015
US Dollar trims losses, near 96.30
FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is reclaiming part of the ground lost in early trade albeit it still remains in the red territory.
US Dollar weaker ahead of Non-farm Payrolls
The greenback is snapping two consecutive daily gains today, as markets are trading in a cautious tone in light of the upcoming Non-farm Payrolls due later. Prior surveys see the US economy adding 220K jobs during August, a solid print that could encourage investors to keep factoring in the likeliness of a Fed’s lift-off this month.
US Dollar levels to consider
At the moment the index is losing 0.13% at 96.27 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 surpass of 96.52 (high Sep.3) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar weaker ahead of Non-farm Payrolls
The greenback is snapping two consecutive daily gains today, as markets are trading in a cautious tone in light of the upcoming Non-farm Payrolls due later. Prior surveys see the US economy adding 220K jobs during August, a solid print that could encourage investors to keep factoring in the likeliness of a Fed’s lift-off this month.
US Dollar levels to consider
At the moment the index is losing 0.13% at 96.27 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 surpass of 96.52 (high Sep.3) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).