FXS: US Dollar Index plummets on poor US housing data
FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, has accelerated its downside on Tuesday after the housing data in the US have missed expectations – new home sales down -7.1% MoM and Case-Shiller HPI -3.5% YoY. The consumer confidence index also came in lower that expected in April, at 69.2 vs. 69.7 estimated and March’s 69.5
At the moment: AUD -0.05%, EUR +0.39%, GBP +0.08%, NZD +0.23%, CAD -0.16% CHF -0.39% and JPY +0.02%. Wall St. is up 0.65% at 13,024 pts. and S&P500 gains 0.34% at 1,373 pts. WTI is up 0.67 % at $103.82 and Gold is gaining 0.55% at $1,647
The index is losing 0.24% at 79.27 as of writing, with the next support at 79.26 ahead of 79.06 and then 78.81
Resistance levels are located at 79.71 followed by 79.97 and 80.17
