18 Feb 2015
DXY keeps the positive despite Fed
FXStreet (Edinburgh) - The greenback, gauged by the US dollar index, remains on the positive ground despite the softer tone from today’s FOMC minutes.
DXY remains above 94.00
The dollar retreated from session highs around 94.50/55 to the 94.20 area in the wake of the publication of the FOMC minutes, managing to keep the trade above the 94.00 handle.
The Committee informed that many members were inclined to leave the current status quo regarding rates, noting at the same time risks of a dollar getting stronger and concerns on a deterioration in the global conditions. The Fed also acknowledged that the policy should now stay data dependent.
DXY important levels
The index is now up 0.04% at 94.18 with the next resistance at 95.10 (high Feb.12) and then 95.23 (high Feb.11). On the downside, a break below 93.87 (low Feb.17) would expose 93.39 (low Feb.3).
DXY remains above 94.00
The dollar retreated from session highs around 94.50/55 to the 94.20 area in the wake of the publication of the FOMC minutes, managing to keep the trade above the 94.00 handle.
The Committee informed that many members were inclined to leave the current status quo regarding rates, noting at the same time risks of a dollar getting stronger and concerns on a deterioration in the global conditions. The Fed also acknowledged that the policy should now stay data dependent.
DXY important levels
The index is now up 0.04% at 94.18 with the next resistance at 95.10 (high Feb.12) and then 95.23 (high Feb.11). On the downside, a break below 93.87 (low Feb.17) would expose 93.39 (low Feb.3).