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2 Aug 2013
US Dollar Index stabilized around 82.30
FXstreet.com (Edinburgh) -The greenback, measured by the US Dollar index, is extending yesterday’s sharp upside, hovering around 82.30/35 ahead of US Payrolls.
DXY posed for further gains
The world’s reserve continues its upbeat tone bolstered by Thursday’s manufacturing data above estimates and the fresh multi-year lows from Initial Claims. Derek Halpenny, Head of Global Markets Research at BTMU assessed, “The better data so far this week no doubt means that the market is better positioned for a good employment report and therefore it might take a payroll reading north of 250k to see the dollar appreciate notably this afternoon”.
DXY key levels
At the moment the index is up 0.04% at 82.39 with the next resistance at 82.55 followed by 82.80 and then 83.00. On the flip side, a breakdown of 82.10 would expose 81.95 and then 81.80.
DXY posed for further gains
The world’s reserve continues its upbeat tone bolstered by Thursday’s manufacturing data above estimates and the fresh multi-year lows from Initial Claims. Derek Halpenny, Head of Global Markets Research at BTMU assessed, “The better data so far this week no doubt means that the market is better positioned for a good employment report and therefore it might take a payroll reading north of 250k to see the dollar appreciate notably this afternoon”.
DXY key levels
At the moment the index is up 0.04% at 82.39 with the next resistance at 82.55 followed by 82.80 and then 83.00. On the flip side, a breakdown of 82.10 would expose 81.95 and then 81.80.