FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major competitors, is markedly higher on Wednesday after a batch of PMI results in the main economies of the bloc have printed lower-than-expected results, jittering investors and casting doubts over hopes of economic recovery.
Poor employment figures in Italy and the pan-European composite have also poured more pessimism among the market participants.
In another tone, the ADP employment report has missed expectations, adding 119K private jobs in the American economy during April. Prior surveys were waiting +175K.
At the moment: AUD -0.25%, EUR -0.75%, GBP -0.35%, NZD -0.55%, CAD +0.36% CHF +0.76% and JPY +0.01%. Wall St. is down 0.42% at 13,224 pts. and S&P500 is losing 0.25% at 1,397 pts. WTI is down 0.12 % at $105.70 and Gold is retreating 0.61% at $1,651
The index is up 0.57% at 79.36 as of writing, with the next resistance at 79.47 ahead of 79.66 and then 79.87
Support levels are located at 78.69 followed by 78.48 and 78.30
