US Dollar bid near 96.40

The US Dollar Index, which tracks the greenback vs. its main rivals, remains on a firmer fashion on Monday, currently hovering over the 96.30/40 band.

US Dollar keeps the winning streak alive

The index is advancing for the fourth consecutive session so far, prolonging the rebound from last week’s lows in sub-95.00 levels.

The up move that was triggered after the solid print from July’s Payrolls (255K) continues to be propped up by sentiment and swelling speculations on a potential rata hike by the Fed in the next months.

Light calendar in the US today, with only the Fed’s Labor Market Conditions Index coming in at 1, reverting last month’s -0.1.

US Dollar relevant levels

The index is gaining 0.23% at 96.42 facing the immediate up barrier at 96.50 (high Aug.5) followed by 96.63 (200-day sma) and finally 97.05 (78.6% Fibo of July-August drop). On the other hand, a breach of 95.12 (100-day sma) would open the door to 94.94 (low Aug.2) and then 94.03 (up trend off 2016 low at 91.88).