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Forex: US Dollar Index slightly up, around 79.90

By FXstreet.com,  January 16, 2013, 01:58:00 PM EDT

FXstreet.com (Barcelona) - The greenback, gauged by the US Dollar Index, is inching higher on Wednesday ahead of the Fed's Beige Book.

In the data front, December US inflation figures came in mixed: on a yearly basis, the CPI rose 1.7% vs. 1.8% expected, while the Core reading rose 1.9%, matching estimates. The US industrial production also matched expectations, expanding 0.3% MoM in the same period, albeit below the November's +1.0%.

At the moment, the index is up 0.02% at 79.85
According to tradingcentral.com, the next resistance lies at 80.10, 80.25 and 80.40; while support levels wait at 70.50, 79.35 and 79/15




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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