30 Aug 2013
US Dollar index clinches highs above 82.00
FXstreet.com (Edinburgh) -The US Dollar Index is posting gains for the third consecutive session on Friday, hovering over 4-week highs above 82.00 the figure.
DXY propped by risk aversion
Risk aversion continues to prevail amongst traders despite the Syrian situation have receded a tad in the last day. However, geopolitical tensions are far from over as the US may intervene unilaterally according to last reports. Coupled with that, month-end rebalances are intensifying inflows into the greenback in detriment of riskier currencies. The USD rally also found extra impulse after Thursday’s positive GDP figures during the second quarter and decent labour market numbers.
DXY relevant levels
The index is now advancing 0.24% at 82.17 with the next resistance at 82.50 (high Aug.2) ahead of 83.12 (high Jul.15) and then 84.75 (high Jul.9). On the downside, a breach of 81.10 (low Aug.27) would expose 80.86 (low Aug.8) and finally 80.75 (low Aug.20).
DXY propped by risk aversion
Risk aversion continues to prevail amongst traders despite the Syrian situation have receded a tad in the last day. However, geopolitical tensions are far from over as the US may intervene unilaterally according to last reports. Coupled with that, month-end rebalances are intensifying inflows into the greenback in detriment of riskier currencies. The USD rally also found extra impulse after Thursday’s positive GDP figures during the second quarter and decent labour market numbers.
DXY relevant levels
The index is now advancing 0.24% at 82.17 with the next resistance at 82.50 (high Aug.2) ahead of 83.12 (high Jul.15) and then 84.75 (high Jul.9). On the downside, a breach of 81.10 (low Aug.27) would expose 80.86 (low Aug.8) and finally 80.75 (low Aug.20).