FXStreet – The Dollar Index, which represents the strength of the USD against 6 major rivals, fell to the new 2017 Low of 96.70, after the US NFP disappointed.
The US Dollar is falling, with data to 96,70
The Index fell to a year low of 96.70/60, after the US NFP were in may, with only 138K, while the forecast was at 185K. The April result was revised from 211K to 174K down.
Further data show that the unemployment rate fell to 4.3% (from 4.4% expected) and average hourly wages rose 0.2% (mom) and 2.5% (annual).
USD relevant levels
Currently, the daily loss of EUR -0.39% 96,78 and the next supports is at 95,91 (Deep-9. November 2016), 94,95 (Deep 22. September 2016), and 94,44 (Deep-8. September 2016). On the other hand, Resistances lie at 97,42 (to the power of 31. May), 97,70 (High 30. May) and 97,87 (20-day SMA).
** FXStreet News Editorial, FXStreet**