US Dollar finds support near 95.50

The US Dollar Index, which tracks the buck vs. its main rivals, is extending its downbeat momentum on Monday, currently hovering over the 95.50/60 area,

US Dollar offered on mixed data

The index is posting losses for the second session in a row today, extending its leg lower after being rejected from last week’s monthly highs in the mid-96.00s.

While market participants wait for the more relevant CPI figures in the US economy due on Tuesday, today’s NAHB index has matched estimates at 60 for the current month and the manufacturing gauge tracked by the Empire State index has dropped to -4.21 for the same period vs. 2.55 forecasted and 0.55 previous.

US Dollar relevant levels

The index is losing 0.13% at 95.59 and a breakdown of 95.19 (low Aug.12) would open the door to 94.94 (low Aug.2) and then 94.24 (up trend off 2016 low at 91.88). On the other hand, the initial hurdle aligns at 96.50 (high Aug.5) followed by 97.05 (78.6% Fibo of July-August drop) and finally 97.62 (high Jul.25).