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18 Mar 2013
Forex: US Dollar Index hovering over 82.85/90
FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is grinding lower on Monday, hovering over the area of 82.85/90 after posting an opening gap above 83.00 from Friday’s close at 82.25
Inflows to the safe havens increased on Monday after the announcements of the bailout of Cyprus, as fears started to build up on a tax levy applied to deposits. Feeling of contagion to other peripheral sovereigns soon followed, intensifying the exodus from the risk-associated assets.
At the moment, the index is losing 0.27% at 82.87 and according to tradingcentral.com, the next support levels line up at 82.40, 82.15 and 81.90; resistance levels are located at 83.05 and 83.15
Inflows to the safe havens increased on Monday after the announcements of the bailout of Cyprus, as fears started to build up on a tax levy applied to deposits. Feeling of contagion to other peripheral sovereigns soon followed, intensifying the exodus from the risk-associated assets.
At the moment, the index is losing 0.27% at 82.87 and according to tradingcentral.com, the next support levels line up at 82.40, 82.15 and 81.90; resistance levels are located at 83.05 and 83.15