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7 Feb 2013
Forex: US Dollar Index in highs around 80.31
The greenback, measured by the US Dollar Index, is advancing firmly on Thursday, consolidating gains beyond the psychological handle at 80.00
A dovish press conference by ECB’s President M.Draghi has boosted the demand for the safe havens, driving the buck from the area around 79.60 to current highs above 80.30
In the data space, marginal improvement out of the weekly report on the US labour market plus a quarterly decline in the US productivity also added buying pressure to the USD.
At the moment, the index is up 0.68% at 80.31, and according with tradingcentral.com, the next resistance levels line up at 80.15, 80.35 and 80.50; while supports lie at 79.45, 79.30 and 79.15
A dovish press conference by ECB’s President M.Draghi has boosted the demand for the safe havens, driving the buck from the area around 79.60 to current highs above 80.30
In the data space, marginal improvement out of the weekly report on the US labour market plus a quarterly decline in the US productivity also added buying pressure to the USD.
At the moment, the index is up 0.68% at 80.31, and according with tradingcentral.com, the next resistance levels line up at 80.15, 80.35 and 80.50; while supports lie at 79.45, 79.30 and 79.15