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7 Mar 2013
Forex: US Dollar Index revisiting session lows
The US Dollar Index, which tracks the greenback against its major competitors, is testing session lows around 82.00/10, dragged lower by the prevailing risk aversion after the ECB and the BoE left intact their monetary policies. Further punishment for the USD came from the press conference by M.Draghi, boosting the euro to fresh weekly highs.
In the data space, US tarde deficit widened in January while the weekly report on the labor market showed Initial Claims falling to 340K, exceeding expectations.
At the moment, the index is losing 0.50%at 82.09 and according to tradingcentral.com the next resistance levels align at 82.60, 82.85 and 83.00; supports lie at 81.90 and 81.60
In the data space, US tarde deficit widened in January while the weekly report on the labor market showed Initial Claims falling to 340K, exceeding expectations.
At the moment, the index is losing 0.50%at 82.09 and according to tradingcentral.com the next resistance levels align at 82.60, 82.85 and 83.00; supports lie at 81.90 and 81.60