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Forex: US Dollar Index consolidating gains, eyes on 80.00

By FXstreet.com,  December 13, 2012, 02:26:00 PM EDT

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its main competitors, is grabbing some respite on Thursday, after yesterday's sell off on the FOMC announcements has dragged the buck to the vicinity of 79.50

A combination of profit taking and renewed jitters on the 'cliff' talks have been weighting on the risk associated assets, pushing the US dollar above the key level at 80.00, although the move was short-lived.

At the moment, the index is up 0.15% at 79.93 and according to tradingcentral.com, the next hurdle is waiting at 80.05, 80.15 and 80.25
Supports are located at 79.85, 79.75 and 79.60




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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