28 Jun 2013
US Dollar Index retreats from highs
Fxstreet.com (Edinburgh) - The greenback, measured by the US Dollar Index, is hovering over 83.50 on Friday, easing some ground after hitting fresh weekly highs around 83.60.
“Indeed, it seems as though a growing number of Fed officials are becoming increasingly upbeat towards the economy as the region gets on a more sustainable path, and the bullish sentiment surrounding the reserve currency should gather pace in the second-half of the year amid the growing discussion at the Federal Reserve to taper the asset-purchase program”, noted David Song, Currency Analyst at DailyFX.
At the moment, the index is up 0.37% en 83.46 with the next resistance at 83.60 while support levels line up at 82.75, 82.50 and 82.15.
“Indeed, it seems as though a growing number of Fed officials are becoming increasingly upbeat towards the economy as the region gets on a more sustainable path, and the bullish sentiment surrounding the reserve currency should gather pace in the second-half of the year amid the growing discussion at the Federal Reserve to taper the asset-purchase program”, noted David Song, Currency Analyst at DailyFX.
At the moment, the index is up 0.37% en 83.46 with the next resistance at 83.60 while support levels line up at 82.75, 82.50 and 82.15.