US Dollar slips to 95.50 after US results

The US Dollar Index, which gauges the greenback vs. its main competitors, left the area of daily highs and has returned to the mid-95.00s.

US Dollar upside capped near 96.70

The index is coming down from earlier 3-month tops in the 96.50/60 band posted after the UK voted to leave the European Union in early trade.

Despite losing upside momentum, USD remains well bid amidst prevailing risk aversion at the same time that markets continue to digest the developments from the UK.

Data wise in the US docket, Durable Goods Orders and Consumer Sentiment measured by the Reuters/Michigan index have come in on the softer side, removing some tailwinds from the buck.

US Dollar relevant levels

The index is advancing 2.02% at 95.42 facing the next hurdle at 96.70 (high Jun.24) followed by 97.09 (high Mar.16) and then 98.58 (high Mar.1). On the flip side, a breach of 93.03 (low Jun.23) would expose 92.52 (low Aug.24 2015) and finally 91.88 (2016 low May 3).