US Dollar wobbles around 95.60 ahead of US data

The greenback, when tracked by the US Dollar Index, is alternating gains with losses today, gyrating around the 95.60 area.

US Dollar focus on US releases

The index is now losing ground for the third consecutive session in the mid-95.00s, coming down from last week’s post-Brexit peaks near the 97.00 limestone.

USD remains unable to benefit from the current risk-off sentiment, navigating multi-day lows ahead of US Factory Orders (-0.9% exp.) and the speech by FOMC’s Dudley.

In the meantime, developments from the UK following the recent ‘Brexit’ vote remain the exclusive driver for the RO/RO trends, leaving the potential future steps by the Federal Reserve in the back burner.

US Dollar relevant levels

The index is down 0.01% at 95.60 and a breach of 93.03 (low Jun.23) would expose 92.52 (low Aug.24 2015) and finally 91.88 (2016 low May 3). On the flip side, the next up barrier lines up at 96.86 (high Jun.27) followed by 97.09 (high Mar.16) and finally 98.58 (high Mar.1).