FXStreet The US Dollar Indexwhich is a measure of the value of the US Dollar using a Basket of six currencies, compares, climbed on Monday in the vicinity of the important 99 points.
US Dollar with focus on the 200-day line
The Index is benefiting mainly from the sale of the Euro, which, with profit-taking in reaction to the victory of pro-European presidential candidate, Emmanuel Macron ran in yesterday’s French elections, under pressure.
Meanwhile, the US Dollar could leave the year lows from Friday at around 98,40, after the U.S. employment report showed that last month more jobs were created than expected. The wage growth was, however, disappointing.
In the early American business pleaded to the Fed Boss, of Cleveland, Loretta Mester (voting rights from 2018, hawkish) for an early increase in key interest rates, while they warned that the Fed is behind the curve falls back. On the other hand, said the Fed chief of St. Louis, James Bullard (voting rights from 2019, dovish), that the Fed currently, the interest will not increase.
Speculative financial investors had their net Long positions in the week to 02. In may, the lowest level since the beginning of October 2016 reduced shared with the CFTC on Friday.
In the economic calendar prevailed today, just Empty. Only the labour market index of the Federal Reserve was published, which had deteriorated by 0.1 to 3.5 points.
US Dollar Index – Major course marks
The Index was last updated on 98,89 and, therefore, 0.48 percent in the Plus. The next Resistances lie at 99,05 (12-month resistance line), 99,09 (the 200-day line) and 99,34 (High 04. May). Backups are, however, in the case of 98,41 (Deep 05. May 2017), 96,94 (Deep 04. November 2016) and 95,91 (Deep 09. Find November 2016).
** FXStreet News Editorial, FXStreet**