3 Jul 2013
US Dollar Index recovered from lows
FXstreet.com (Edinburgh) - The US Dollar Index, which tracks the greenback against its major rivals, ended the day around 83.40 after dropping to session lows in the proximities of 83.30.
After climbing to the doorsteps of 84.00 the figure, the US dollar commenced a correction lower to the closing levels around 83.40, giving some oxygen to the risk associated assets. In the data front, the ADP reported that the US private sector created 188K jobs in June, exceeding expectations. Initial Claims followed suit, falling to 343K in the last week, just a tad below the forecasted 345K. On the opposite direction, the US trade deficit rose to $45.03 billion in May, surpassing the median. Markets in the US will be close tomorrow in remembrance of the Independence Day, ahead of Friday’s Payrolls number.
The index closed at 83.41, losing 0.39% with the next support at 83.25, 82.95 and 82.75 while resistance levels line up at 83.65, 84.00 and 84.30.
After climbing to the doorsteps of 84.00 the figure, the US dollar commenced a correction lower to the closing levels around 83.40, giving some oxygen to the risk associated assets. In the data front, the ADP reported that the US private sector created 188K jobs in June, exceeding expectations. Initial Claims followed suit, falling to 343K in the last week, just a tad below the forecasted 345K. On the opposite direction, the US trade deficit rose to $45.03 billion in May, surpassing the median. Markets in the US will be close tomorrow in remembrance of the Independence Day, ahead of Friday’s Payrolls number.
The index closed at 83.41, losing 0.39% with the next support at 83.25, 82.95 and 82.75 while resistance levels line up at 83.65, 84.00 and 84.30.