US Dollar clings to gains near 95.50

The US Dollar Index, which gauges the greenback vs. its main rivals, is clinging to its daily gains around the 96.40/35 band.

US Dollar still positive after data

The index keeps its positive tone so far today despite US Retail Sales have surprised markets to the downside, contracting more than initially estimated during August.

Further negative news has come from Industrial Production and Capacity Utilization, both missing consensus and contracting 0.4% MoM and dropping to 75.5%, respectively.

On the brighter side, Initial Claims and the Philly Fed Manufacturing Survey have come in on the strong side, at 260K WoW and 12.8 respectively.

US Dollar relevant levels

The index is advancing 0.16% at 95.48 and a breakout of 95.64 (high Sep.13) would open the door to 95.81 (55-day sma) and finally 96.25 (high Sep.1). On the downside, the immediate support aligns at 94.85 (support line off 2016 low) ahead of 94.05 (low Aug.18) and then 93.03 (low Jun.23).