2 Jul 2013
US Dollar Index around 83.60
FXstreet.com (Edinburgh) - The greenback, measured by the US Dollar Index, is extending its march north on Tuesday, hovering over 83.55/60 as risk aversion prevails amongst traders.
“The July 30/31 meeting looms ahead, but market consensus appears to be centring on the September 17/18 as the most likely starting point for tapering. Much still depends on the data, of course, which makes the upcoming jobs report all the more interesting”, commented BBH Global Currency Strategy Team.
At the moment the index is up 0.43% at 83.62 with the next resistance at 84.00, while support levels align at 82.75 followed by 82.50 and finally 82.15.
“The July 30/31 meeting looms ahead, but market consensus appears to be centring on the September 17/18 as the most likely starting point for tapering. Much still depends on the data, of course, which makes the upcoming jobs report all the more interesting”, commented BBH Global Currency Strategy Team.
At the moment the index is up 0.43% at 83.62 with the next resistance at 84.00, while support levels align at 82.75 followed by 82.50 and finally 82.15.