4 Sep 2015
US Dollar turns positive near 96.50
FXStreet (Edinburgh) - The US Dollar index, which tracks the greenback against a basket of its major rivals, has clinched session highs in the 96.40/45 band post-Payrolls on Friday.
US Dollar firmer on data
The index spiked to session tops beyond 96.40 after markets participants have perceived as positive today’s figures from the Non-farm Payrolls, showing the economy has added 173K jobs in August vs. 220K anticipated and coming from July’s 245K (revised higher from 215K).
In addition, Average Weekly Hours (34.6), Average Hourly Earnings (0.3%) and the unemployment rate (5.1%) all have surpassed expectations.
US Dollar levels to consider
At the moment the index is up 0.02% at 96.41 and a surpass of 96.53 (high Sep.4) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19). On the flip side, the immediate support lines up at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26).
US Dollar firmer on data
The index spiked to session tops beyond 96.40 after markets participants have perceived as positive today’s figures from the Non-farm Payrolls, showing the economy has added 173K jobs in August vs. 220K anticipated and coming from July’s 245K (revised higher from 215K).
In addition, Average Weekly Hours (34.6), Average Hourly Earnings (0.3%) and the unemployment rate (5.1%) all have surpassed expectations.
US Dollar levels to consider
At the moment the index is up 0.02% at 96.41 and a surpass of 96.53 (high Sep.4) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19). On the flip side, the immediate support lines up at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26).