FXS: Forex: US Dollar Index upside capped in the 80.00 zone
FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is trading higher on Thursday amid jitters on the Spanish economic health, despite the decent bond auction earlier on, which saw higher yields in the 10-yr benchmark although very good acceptance.
Also unconfirmed rumours about the likeliness of a downgrade of France’s credit rating and wider spreads in the Spanish 5-yr CDS were abating risk appetite as we head into the NA open.
At the moment: AUD -0.17%, EUR -0.18%, GBP +0.07%, NZD -0.06%, CAD +0.18% CHF +0.19% and JPY +0.28%. Wall St. futures are up 0.02% at 13,032 pts. and S&P500 futures are advancing 0.02% at 1,384 pts. WTI is losing 0.30 % at $102.92 and Gold is up 0.16% at $1,644
The index is up 0.18% at 79.83 with the next resistance at 79.93, ahead of 80.16 and then 80.31
A breakdown 79.54 would bring 79.39 and then 79.16
