US Dollar keeps lows near 94.40

The greenback – tracked by the US Dollar Index - has fully faded yesterday’s spike to the boundaries of 95.60 and has returned to the current 94.40/50 band.

US Dollar weak on rumours, looks to data

The index has gathered buying interest on Thursday following a persistent sentiment towards the risk aversion driven exclusively on ‘Brexit’ jitters.

However, the USD-rally lost traction around the mid-95.00s in response to BoJ-led intentions of calling a coordinated central bank action aiming to pump in USD funding in case the UK votes to leave the European Union on June 23.

Ahead in the session, Housing Starts and Building Permits will be in the limelight in the US docket.

US Dollar relevant levels

The index is losing 0.22% at 94.56 facing the next support at 93.41 (low Jun.8) ahead of 92.76 (78.6% Fibo of the May up move) and then 91.88 (2016 low May 3). On the other hand, a breakout of 95.53 (high Jun.16) would target 95.96 (high May 30) en route to 96.57 (200-day sma).