Back
5 Feb 2013
Forex: US Dollar Index finds support at 79.50
The greenback, measured by the US Dollar Index, is posting marginal losses on Tuesday, hovering over the mid 79.00s as markets remain broadly directionless.
In the data space, the IBD/TIPP Economic Optimism during February rose to 47.3 MoM from 46.5 in the previous month while the ISM Non-manufacturing PMI retreated to 55.2 during January from 56.1 prior and 55.8 forecasted.
At the moment, the index is down 0.03% at 79.54
According to tradingcentral.com, the next support levels line up at 79.35, 79.15 and 78.90; while a break above 79.80 would expose 79.90 and 80.15
In the data space, the IBD/TIPP Economic Optimism during February rose to 47.3 MoM from 46.5 in the previous month while the ISM Non-manufacturing PMI retreated to 55.2 during January from 56.1 prior and 55.8 forecasted.
At the moment, the index is down 0.03% at 79.54
According to tradingcentral.com, the next support levels line up at 79.35, 79.15 and 78.90; while a break above 79.80 would expose 79.90 and 80.15