FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major rivals, is trading slightly lower on Thursday, continuing the downside sparked at the beginning of the week, dipping more than one big figure since Monday.
Dovish FOMC minutes on Wednesday have hammered the buck, falling across the board at the same time that risk-off trade was spiraling, propelling the high-beta currencies and the risk-associated assets.
In the data front, the weekly labor market report showed a slight increase in the Initial Jobless Claims, while manufacturing Markit PMI rose to 51.9 in August and New Home Sales gained 3.6% MoM in July.
At the moment: AUD -0.40%, EUR +0.06%, GBP -0.05%, NZD +0.21%, CAD +0.07% CHF -0.08% and JPY -0.08%. Wall St. is down 0.63% at 13,088 pts. and S&P500 is retreating 0.60% at 1,407 pts. WTI is up 0.37% at $97.57/bbl and Gold is gaining 0.73% at $1,665
The index is down 0.09% at 81.45 and according to www.tradingcentral.com, the next support lies at 81.30 followed by 81.25 and then 81.00
On the flip side, a breakout of 81.80 would expose 82.10 and then 82.30
Dovish FOMC minutes on Wednesday have hammered the buck, falling across the board at the same time that risk-off trade was spiraling, propelling the high-beta currencies and the risk-associated assets.
In the data front, the weekly labor market report showed a slight increase in the Initial Jobless Claims, while manufacturing Markit PMI rose to 51.9 in August and New Home Sales gained 3.6% MoM in July.
At the moment: AUD -0.40%, EUR +0.06%, GBP -0.05%, NZD +0.21%, CAD +0.07% CHF -0.08% and JPY -0.08%. Wall St. is down 0.63% at 13,088 pts. and S&P500 is retreating 0.60% at 1,407 pts. WTI is up 0.37% at $97.57/bbl and Gold is gaining 0.73% at $1,665
The index is down 0.09% at 81.45 and according to www.tradingcentral.com, the next support lies at 81.30 followed by 81.25 and then 81.00
On the flip side, a breakout of 81.80 would expose 82.10 and then 82.30
