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US Dollar clinches highs near 96.20

FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is now looking to consolidate the recent break above the 96.00 handle, posting highs near 96.20.

US Dollar supported near 95.70

The dollar has managed to leave behind session lows in the 95.70 area following a re-emergence of the buying interest and a more solid sentiment towards the risk appetite trends.

Data wise in the US docket, August’s trade deficit has widened to $67.19 billion, while home prices tracked by the S&P/Case-Shiller index rose 5% on a year to July, matching June’s print and a tad below the 5.2% advance forecasted.

Next on tap will be the Consumer Confidence gauged by the Conference Board, expected to ease to 96.0 for the current month.

US Dollar levels to consider

At the moment the index is gaining 0.16% at 96.18 with the next hurdle at 96.70 (high Sep.25) followed by 97.07 (high Aug.19) en route to 97.33 (high Aug.12). On the flip side, a break below 94.06 (low Sep.18) would aim for 93.72 (low Aug.26) and finally 93.25 (low Aug.25).

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