US Dollar Index climbs on US data on 97,40

FXStreet The US Dollar Index, the Greenback versus six other major currencies on a trade-weighted Basis, compares, jumped after the publication of the Figures for the US gross domestic product for the first quarter on the upper end of the trading range at 97,40.

US Dollar losses after good data

The Index is put after the second Revision to gross domestic product, a masterpiece, which revealed that the US economy grew than expected in the month of January to March by 1.2 percent. It was expected an increase of only 0.7 to 0.9 percent.

However, the order intake for long-lasting economy is down freight mixed. The new orders have fallen by report month of April to 0.7 percent. However, the increase in the previous month was 2.3 percent, significantly more than initially calculated (+0.7 percent). Excluding the volatile orders for transportation goods, a slight Minus of 0.4 percent for April.

The focus of the by the University of Michigan, determined in U.S. consumer confidence.

The Greenback is now set for Thursday, which started the recovery movement and is currently testing the area around 97,40.

US dollars relevant brands

The Index recently increased to 0.22 per cent on 97,45 and the next Resistances lie at 97,38 (High 24. May), 97,97 (High 18. May) and 98,27 (20-day line). Technical supports are at 96,70 (Deep 23. May 2017), 95,91 (Deep 09. November 2016) and 94,95 (Deep 22. To find September 2016).

** FXStreet News Editorial, FXStreet**

Leave a Reply