FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major rivals, is getting hammered today, as risk appetite is taking a toll on safe havens.
It was a forgettable week for the greenback, considering that the index was trading one big figure up on Monday. Increasing risk appetite, the recent Fed announcements plus the positive Chinese PMI print were far too much for the buck, dipping to the actual mid 79.00s
At the moment the index is down 0.45% at 79.55 and according to tradingcentral.com, the immediate support lies at 79.45 while resistance levels line up at 80.05, 80.15 and 80.25
It was a forgettable week for the greenback, considering that the index was trading one big figure up on Monday. Increasing risk appetite, the recent Fed announcements plus the positive Chinese PMI print were far too much for the buck, dipping to the actual mid 79.00s
At the moment the index is down 0.45% at 79.55 and according to tradingcentral.com, the immediate support lies at 79.45 while resistance levels line up at 80.05, 80.15 and 80.25
