FXstreet.com (Barcelona) - The US Dollar Index, which gauges the world’s reserve against its major rivals, is grinding lower after the Consumer Confidence index in the US has dropped to 64.9 in May, missing expectations at 70.0 and down from April’s 68.7, following the 2.6% YoY contraction in the S&P/CS HPI during March.
The US dollar has been swinging back and forth the positive and negative territory as rumours circling the euro zone and China were the main drivers behind price action in today’s session.
At the moment: AUD +0.22%, EUR +0.05%, GBP +0.05%, NZD +0.26%, CAD -0.21% CHF -0.09% and JPY -0.13%. Wall St. is advancing 0.82% at 12,595 pts and S&P500 is up 0.76% at 1,332 pts. WTI is gaining 0.43% at $91.65/bbl and Gold is up 0.52% at $1,581/oz
The index is retreating 0.08% at 82.27 as of writing, with the next support at 82.02 followed by 81.71 and then 81.54
On the upside, resistance levels lie at 82.51 ahead of 82.69 and 83.00
