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3 May 2013
Forex: US Dollar Index in red around 82.15/20
FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback vs. its major rivals, is retracing post-NFP gains on Friday and trading back to the negative territory in the area of 82.15/20.
Payrolls above expectations in combination with multi-year lows of the unemployment rate quickly propelled the buck to highs around 82.60, although losing the impetus soon after.
Further US data showed that Factory Orders posted a monthly contraction of 4.0% and the ISM Non manufacturing dropped to 53.1.
As of writing, the index is down 0.09% at 82.21 and according to tradingcentral.com, the immediate support is located at 81.90, 81.60 and 81.30; resistance levels are at 82.35, 82.55 and 82.75.
Payrolls above expectations in combination with multi-year lows of the unemployment rate quickly propelled the buck to highs around 82.60, although losing the impetus soon after.
Further US data showed that Factory Orders posted a monthly contraction of 4.0% and the ISM Non manufacturing dropped to 53.1.
As of writing, the index is down 0.09% at 82.21 and according to tradingcentral.com, the immediate support is located at 81.90, 81.60 and 81.30; resistance levels are at 82.35, 82.55 and 82.75.