Back
16 Apr 2013
Forex: US Dollar Index in lows below 82.00
FXstreet.com (Barcelona) - The greenback, tracked by the US Dollar Index, is nose-diving on Tuesday, posting fresh lows around 81.80/85 as risk appetite continues its relentless march north.
In the US docket, Consumer Prices eased more than expected, posting an annualized expansion of 1.5% while the Core reading advanced 1.9%. Housing Starts bettered expectations and offset the poor data from Building Permits. Further data showed that the Industrial Production grew 0.4% during March, followed by an increase of the Capacity Utilization to 78.5%. Both prints came in above the median.
At the moment, the index is down 0.82% at 81.83 and according to tradingcentral.com, the next support lines up at 81.75 while resistance levels align at 82.45, 82.60 and 82.80.
In the US docket, Consumer Prices eased more than expected, posting an annualized expansion of 1.5% while the Core reading advanced 1.9%. Housing Starts bettered expectations and offset the poor data from Building Permits. Further data showed that the Industrial Production grew 0.4% during March, followed by an increase of the Capacity Utilization to 78.5%. Both prints came in above the median.
At the moment, the index is down 0.82% at 81.83 and according to tradingcentral.com, the next support lines up at 81.75 while resistance levels align at 82.45, 82.60 and 82.80.