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Forex: US Dollar Index up around 81.50

The US Dollar Index, which tracks the greenback against its major competitors, is extending the post-FOMC rally on Thursday, retracing some ground after printing fresh tops above 81.60

“Next week’s testimony from Fed Chairman Bernanke now takes on added importance as a barometer of whether the minutes simply reflect ongoing discussion, or a real changed in the Fed’s policy view”, suggested analysts at Wells Fargo bank.

At the moment, the index is up 0.40% at 81.47
According to tradingcentral.com, the next resistance levels line up at 81.75 and 82.05; while support levels align at 81.00, 80.70 and 80.55

US markets in red as FOMC weights, dollar firmly up

US equities are trading in red on Thursday, as the uncertainty about the direction of the Fed’s next steps are weighting on sentiment. Softer-than-expected US Manufacturing PMI and Philly Fed Survey are also...
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Forex: USD/CHF reaches fresh 1-month high

The US dollar took another step higher and printed a marginal new high versus the franc during the American afternoon amid Fed's Bullard comments. Bullard (hawkish voting member) said asset purchases could be 'reduced somewhat' as labor markets 'improve somewhat' while he predicted that a rate rise could be possible by June '14.
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