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12 Feb 2013
Forex: US Dollar Index finds support around 80.00
The US Dollar Index, which tracks the greenback against its major competitors, found buying interest in the boundaries of the key 80.00 figure, dragged from tops above 80.60 by increasing risk appetite and rumours supporting mainly the single currency.
Market participants would follow US President B.Obama in his speech of the State of he Union later. Wednesday docket in the US economy would bring export and import prices, retail sales and business inventories.
At the moment, the index is losing 0.39% at 80.07, and according to tradingcentral.com, the next support levels lie at 79.95 and 79.85; while resistance levels are located at 80.35, 80.50 and 80.65
Market participants would follow US President B.Obama in his speech of the State of he Union later. Wednesday docket in the US economy would bring export and import prices, retail sales and business inventories.
At the moment, the index is losing 0.39% at 80.07, and according to tradingcentral.com, the next support levels lie at 79.95 and 79.85; while resistance levels are located at 80.35, 80.50 and 80.65