FXstreet.com (Barcelona) - The US Dollar Index, which gauges the world’s reserve against its major rivals, is trading almost unchanged on Monday, orbiting around the mid 82.00s
Very quiet start of the week for the buck after the sharp sell-off last Friday. Better-than-expected NFP figures have prompted investors to unwind their positions in safe havens and redirect them to risk associated assets. Some analysts were also commenting that despite the positive results, they would not be enough to avert a third round of quantitative easing in the first economy in the near-term, adding more fuel to the risk rally.
At the moment: AUD -0.11%, EUR -0.01%, GBP -0.22%, NZD +0.10%, CAD -0.03% CHF -0.01% and JPY -0.35%. Wall St. is up 0.51% at 13,166 pts. and S&P500 is advancing 0.52% at 1,398 pts. WTI is down 0.43 % at $91.03/bbl and Gold is gaining 0.29% at $1,608
The index is down 0.08% at 82.33 and according to www.tradingcentral.com, the immediate support lies at 82.05 followed by 81.85 and finally 81.55
On the flip side, a breakout of 82.75 would expose 83.05 and 83.35
