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Forex: US Dollar Index up around 80.70

By FXstreet.com,  January 04, 2013, 02:01:00 PM EDT

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major rivals, continues its march north on Friday, closing the week in the positive ground after recovering from Tuesday's sell off on the 'fiscal cliff'.
The USD found extra support on Thursday, after the FOMC minutes have hinted that the Fed could halt or slow down the ongoing QE well before year-end.

At the moment, the index is up 0.22% at 80.69
According to tradingcentral.com, the next resistance levels lie at 80.80, 81.00 and 81.20; while supports are located at 80.10, 79.80 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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