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15 Mar 2013
Forex: US Dollar Index bouncing off lows, around 82.20/25
FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major competitors, is grinding lower on Friday as risk appetite was dominating the markets once again.
The greenback is extending its decline from Thursday’s highs above 83.00 to today’s lows in the boundaries of the key support at 82.00, although trimming some losses later.
In the data realm, US CPI advanced above expectations in February, 2.0% YoY vs. +1.9% forecasted, while the flash Reuters/Michigan Consumer Sentiment index fell to 71.8 in March vs. 77.6 in the previous month.
At the moment, the index is losing 0.34% at 82.25 and according to tradincentral.com, the next support levels line up at 82.20, 82.05 and 81.90; resistances are located at 82.60, 82.75 and 83.05
The greenback is extending its decline from Thursday’s highs above 83.00 to today’s lows in the boundaries of the key support at 82.00, although trimming some losses later.
In the data realm, US CPI advanced above expectations in February, 2.0% YoY vs. +1.9% forecasted, while the flash Reuters/Michigan Consumer Sentiment index fell to 71.8 in March vs. 77.6 in the previous month.
At the moment, the index is losing 0.34% at 82.25 and according to tradincentral.com, the next support levels line up at 82.20, 82.05 and 81.90; resistances are located at 82.60, 82.75 and 83.05