FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its competitors, is grinding lower on the last trading day of the week, as key data in Germany and UK's retail sales have surprised to the upside, crushing previous expectations and thus boosting investors' sentiment.
Absent a docket in the US economy, traders will focus their attention on the events coming from the G-20 and IMF meetings over the weekend.
At the moment: AUD -0.04%, EUR +0.23%, GBP +0.23%, NZD -0.18%, CAD -0.23% CHF -0.28% and JPY +0.08%. Wall St. futures are up 0.39% at 13,018 pts. and S&P500 futures are advancing 0.40% at 1,383 pts. WTI is up 0.39 % at $103.40 and Gold is up 0.14% at $1,643
The index is down 0.25% at 79.50 as of writing, hitting fresh session lows.
Next support lies at 79.48, ahead of 79.26 and 79.01
On the upside, resistance levels are located at 79.95 followed by 80.20 and then 80.42
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
