FXstreet.com (Barcelona) - The greenback, measured by the US Dollar index, is closing its third consecutive day of losses, after risk appetite has reined in the markets in the second half of the week.
US employment data out the initial jobless claims (+339K) on Thursday has spurred risk sentiment, dragging the index to lower ground.
Today’s docket has seen mixed results in US producer prices and a rise to 83.1 in the flash Reuters/Michigan Consumer Sentiment index for October, up from 78.3
As of writing, the index is down 0.28% at 79.62, and according to www.tradingcentral.com, the next support levels lie at 79.50 ahead of 79.35 and 79.25
On the upside, resistance can be found at 79.85 followed by 80.00 and 80.15
