Dollar Index pushed to negative territory after disappointing U.S housing sector data released which puts a question mark on the over the strength of the economy , pushed down the demand of dollar.
Building Permits fell to 1.086 million as expected to 1.200 million. Housing stats fell to 1.089 million as expected 1.167 million As a result dollar fell more than 0.50% to an intraday low of 93.89.
Today ECB chairman Mario Draghi will speak on continuation of the Negative interest rate policy last month it was lowered to -0.4%.
Trading at 94.15 support at 93.60 and resistance at 95.50. Close above 95.50 can push it up to 96.35 else it could test it support levels at 93.60.
More will update soon!!
