FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is sharply up against the majority of its rivals on Tuesday, after increasing risk aversion is spreading all over the markets, dragging most high-beta currencies and risk-related assets to fresh lows. The world’s reserve is only losing ground against the Canadian dollar after the BoC hinted that a rate hike would be required at some point, in the context of the BoC monetary policy meeting, where it left the lending benchmark intact at 1.0%. The Japanese yen is also appreciating against the US dollar, as investors are showing its preference for JPY as a safe haven.
In the data front, the Richmond Fed manufacturing index for October is due. Surveys expect the headline to ease a hair to 3 from 4
As of writing, the index is up 0.42% at 80.06, and according to tradingcentral.com, next resistance levels are located at 80.15 followed by 80.25 and then 80.45
On the flip side, support levels lie at 79.50 ahead of 79.40 and 79.30
