US Dollar pushing higher to 95.00, fresh tops

• The index reclaims the 95.00 area as sentiment reverts.
• Easing trade tensions appear to be supporting the up move in DXY.
• US Durable Goods Orders contracted less than expected in May.

The greenback, in terms of the US Dollar Index (DXY), has resumed the upside today and regains the 95.00 barrier and above.

US Dollar in 4-day peaks

The index is adding to yesterday’s gains and managed to retake the 95.00 mark during the European afternoon, where it is now looking to stabilize.

The greenback keeps inching higher in spite of the softer tone in yields of the key us 10-year note, which trades in the area of fresh lows in the 2.85% neighbourhood.

USD appears underpinned on the back of shrinking trade tensions and despite President Trump is expected to make a decision on Chinese investment in the US later in the day.

On the US data front, headline Durable Goods Orders contracted 0.6% MoM in May, while Core orders retreated at a monthly 0.3%. Additional data saw US Goods Trade deficit at $64.85 billion in May.

USD/CAD struggles to rise

US Dollar relevant levels

As of writing the index is up 0.31% at 94.97 facing the next hurdle at 95.05 (high Jun.27) followed by 95.30 (high Jun.20) and then 95.53 (2018 high Jun.22). On the other hand, a breakdown of 94.25 (21-day sma) would expose 94.18 (low Jun.26) and finally 94.04 (23.6% Fibo of the April-June up move).