US Dollar index upside capped around 81.00

FXstreet.com (Edinburgh) - The greenback, in terms of the US Dollar Index, continues its march south on Thursday, adding to the weekly losses and remaining below the key support at 81.00.

DXY demand remains subdued

“We’ve viewed the DXY as a buy on dips as far down as the 78.00-80.00 range for some time, but even taking some of the USD’s resilience from the lows this week into account, the persistent resumption of controlled downward pressure on the currency has come as a surprise”, commented Stephen Gallo, Strategist at BMO.

DXY levels to watch

At the moment, the index is retreating 0.21% at 80.77 with the next support levels at 80.50, 80.20 and 80.00 while up-barriers align at 81.00, 81.30 and 81.60.

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