FXstreet.com (Barcelona) - The US Dollar Index, which measures the greenback against its competitors, is markedly up against its rivals on Thursday, bouncing off the weekly low at 79.00 and printing fresh highs around the 79.70 region, level last seen a week ago.
Risk aversion has been swelling since early morning, after Chinese PMI print came in better that previous result, albeit still below the 50 mark for the 11th month in a row. Worrisome news came in afterwards, with poor flash PMI prints in France and the European composite.
In the US, meanwhile, flash Markit manufacturing PMI matched forecasts at 51.5, ahead of the Philly manufacturing index, expected to climb to -4.0 from -7.1
At the moment: AUD -0.80%, EUR -0.91%, GBP -0.27%, NZD +0.81%, CAD +0.59% CHF +0.85% and JPY -0.31%. Wall St. is down 0.26% at 13,535 pts. and S&P500 is retreating 0.41% at 1,453 pts. WTI is down 0.21% at $91.93/bbl and Gold is losing 0.48% at $1,762/oz
The index is up 0.64% at 79.68 and according to www.tradingcentral.com, the next resistance levels lie at 79.75 followed by 79.95 and 80.15
On the downside, a breakdown of 78.90 would bring 78.75 and then 78.60
