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3 Apr 2013
Forex: US Dollar index in session lows
FXstreet.com (Barcelona) - The greenback, tracked by the US Dollar Index, is sharply down against its rivals on Wednesday, after the poor US ADP report and ISM Non Manufacturing results still weight on the USD.
“In the second half of the year, once the budget battles have subsided and the fiscal landscape has cleared up, the economy and the labour market are likely to accelerate. This should prompt the Committee to slow down its asset purchases and ignite a significant rise in longer-term US treasury yields”, commented Phillip Marey, Senior US Strategist at Rabobank.
As of writing, the index is down 0.31% at 82.83 and according to tradingcentral.com, the next support levels line up at 82.75, 82.65 and 82.50; on the other hand, resistance levels are located at 83.05, 83.15 and 83.30.
“In the second half of the year, once the budget battles have subsided and the fiscal landscape has cleared up, the economy and the labour market are likely to accelerate. This should prompt the Committee to slow down its asset purchases and ignite a significant rise in longer-term US treasury yields”, commented Phillip Marey, Senior US Strategist at Rabobank.
As of writing, the index is down 0.31% at 82.83 and according to tradingcentral.com, the next support levels line up at 82.75, 82.65 and 82.50; on the other hand, resistance levels are located at 83.05, 83.15 and 83.30.