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12 Jun 2013
US Dollar Index breaches 82.00
FXstreet.com (Barcelona) - The greenback, in terms of the US Dollar index, is grinding lower on Wednesday, leaving behind the key support at 82.00.
DXY extending its downside
“The USD remained buoyant from yesterday’s lows in the DXY and not far from its 200-day moving average, as would be expected in this environment, but its overall resilience appeared to be masked somewhat by Asian central bank sales of USDs for the session as a whole as these institutions remained engaged to lessen volatility in their domestic currencies”, suggested Stephen Gallo, Strategist at BMO.
DXY key levels
As of writing, the index is losing 0.20% at 81.94 with the next support at 80.65 and 80.40 while resistance levels line up at 81.40 and 81.75.
DXY extending its downside
“The USD remained buoyant from yesterday’s lows in the DXY and not far from its 200-day moving average, as would be expected in this environment, but its overall resilience appeared to be masked somewhat by Asian central bank sales of USDs for the session as a whole as these institutions remained engaged to lessen volatility in their domestic currencies”, suggested Stephen Gallo, Strategist at BMO.
DXY key levels
As of writing, the index is losing 0.20% at 81.94 with the next support at 80.65 and 80.40 while resistance levels line up at 81.40 and 81.75.