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Forex: US Dollar Index hovering over 80.50

By FXstreet.com,  January 03, 2013, 02:44:00 PM EDT

FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major rivals, is markedly higher on Thursday. The unexpected hawkish tone out of the FOMC minutes has catapulted the USD to the mid 80.00s, as many members have suggested the idea of halting the ongoing QE before year end.

The index is now up 0.71% at 80.51 and according to tradingcentral.com, the next resistance levels lie at 80.55, 80.70 and 80.95
On the flip side, support levels are located at 79.80, 79.60 and 79.30




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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