The Greenback resists

The US Dollar is back in the offensive after the comments from the FOMC member, Fischer. The comments by the FED official raises the probability of raising interest rates by the end of this year. Mr. Fischer has called himself an optimistic and that note brings safety to investors. But still, markets are criticizing FED president, Janet Yellen for not providing a clear message during her speeches. This Friday´s event at Jackson Hole may be decisive for the markets to determine how likely it is to see a rate hike before year’s end.

The Dollar index is currently below its opening level, but it did rally towards the 95.00 zone from where it falls back down. Above the 95.00 level, its next resistance could be the 95.86 zone. Below the 94.00 level, its next support could be the 93.00 level.