FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against a basket of six major rivals, is keeping its strong pace since the start of a rally in late October (75.00) dragging with it the prices of commodites and risk related currencies to new lows.
As long as the debt crisis woes persist, the risk-off trades will prevail, strengthening the greenback and shifting the markets sentiment towards safe-haven assets.
As of writing, the US Dollar index is losing 0.28% at 80.34
The resistance levels are located at 80.85, followed by 81.13 and 81.49
On the flip side, a breach of 80.21 would bring 79.85 and then 79.56
The daily pivot lies at 80.49
As long as the debt crisis woes persist, the risk-off trades will prevail, strengthening the greenback and shifting the markets sentiment towards safe-haven assets.
As of writing, the US Dollar index is losing 0.28% at 80.34
The resistance levels are located at 80.85, followed by 81.13 and 81.49
On the flip side, a breach of 80.21 would bring 79.85 and then 79.56
The daily pivot lies at 80.49
