FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is recovering ground lost after bottoming in the boundaries of the key mark at 81.00 on Thursday. News relating the IMF extending the debt maturity and cutting interest rate on the Greek debt have weighted on the risk aversion, sending the world’s reserve to lower levels.
Data-wise, US prices climbed more than expected during October, neutralizing the effects of poor labor market data, with initial jobless claims soaring to 439K in the last week. Results out of the manufacturing sector have shown mixed results as the NY Empire State index bettered to -5.22 while the Philly index plunged to -10.7
At the moment, the index is posting marginal losses at 81.08 or -0.02%.
According to tradingcentral.com, the immediate support lies at 80.90 followed by 80.75 and then 80.55
On the upside, a break above 81.25 would bring 81.40 and then 81.65
Data-wise, US prices climbed more than expected during October, neutralizing the effects of poor labor market data, with initial jobless claims soaring to 439K in the last week. Results out of the manufacturing sector have shown mixed results as the NY Empire State index bettered to -5.22 while the Philly index plunged to -10.7
At the moment, the index is posting marginal losses at 81.08 or -0.02%.
According to tradingcentral.com, the immediate support lies at 80.90 followed by 80.75 and then 80.55
On the upside, a break above 81.25 would bring 81.40 and then 81.65
