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Forex: US Dollar Index hovering over 79.80/85

By FXstreet.com,  January 15, 2013, 02:17:00 PM EDT

FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major rivals, is sharply higher on Tuesday, after debt ceiling woes are weighting on sentiment, along with comments by EU Juncker stating that the "Euro exchange rate 'dangerously high'.

In the data space, US retail sales have surprised investors rising 0.5% MoM and 0.3% in the Core reading (striping the auto sector), exceeding forecasts. In the same direction, the NY Empire State index remained in the negative territory in January, although it improved to -7.78 from -8.01

At the moment, the index is up 0.39% at 79.84
According to tradingcentral.com, the next resistance levels line up at 80.10, 80.35 and 80.50; while support levels are located at 79.30, 79.15 and 79.00




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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