US Dollar pushes higher near 95.60

The greenback, tracked by the US Dollar Index, has recovered the smile today following yesterday’s sell off and is now testing highs near 95.60.

US Dollar firmer ahead of data

Choppy week for the index so far, trading in a tight range and following the broad-based cautiousness prevailing in the global markets in light of the upcoming FOMC meeting and always amidst rising speculations on the likeliness of a Fed’s rate hike later this month.

Later in the NA session, USD will be in the limelight as August’s Retail Sales are due, seconded by the Philly Fed Manufacturing Survey, Initial Claims and Industrial Production among other releases and ahead of tomorrow’s key inflation figures measured by the CPI.

US Dollar relevant levels

The index is advancing 0.17% at 95.49 and a breakout of 95.64 (high Sep.13) would open the door to 95.81 (55-day sma) and finally 96.25 (high Sep.1). On the downside, the immediate support aligns at 94.85 (support line off 2016 low) ahead of 94.05 (low Aug.18) and then 93.03 (low Jun.23).