US Dollar accelerates its downside, near 95.50

The greenback, gauged by the US Dollar Index, is intensifying its downside momentum today, breaking below the 95.50 levels, or 3-day lows.

US Dollar hurt by risk appetite trends

The index continues to suffer the swelling sentiment around the risk-associated space today, extending its weekly leg lower to the 95.40 band after climbing as high as the 96.50 area on Monday.

Ahead in the session, the API’s weekly report is due ahead of the Federal Budget Balance.

US Dollar relevant levels

The index is losing 0.59% at 95.61 facing the immediate support at 95.13 (100-day sma) seconded by 94.94 (low Aug.2) and then 94.03 (up trend off 2016 low at 91.88). On the upside, a breakout of 96.50 (high Aug.5) would open the door to 96.62 (200-day sma) and finally 97.05 (78.6% Fibo of July-August drop).