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28 Mar 2013
Forex: US Dollar Index supported at 83.00
FXstreet.com (Barcelona) - The greenback, gauged by the US Dollar Index, is markedly lower on Thursday, as risk appetite has been dominating the session and accentuating its momentum after the Cypriot banks re-opened their doors without signals of panic among depositors.
Data-wise, the US GDP during the fourth quarter was revised to an annualized growth of 0.4%, below expectations at 0.5%. In the same line, Initial Claims rose above estimates to 357K in the week ended on March 24 vs. the median at 340K.
At the moment, the index is down 0.33% at 83.13 and according to tradingcentral.com, the next support levels align at 82.90, 82.70 and 82.55 while resistance levels are located at 83.35, 83.50 and 83.65
Data-wise, the US GDP during the fourth quarter was revised to an annualized growth of 0.4%, below expectations at 0.5%. In the same line, Initial Claims rose above estimates to 357K in the week ended on March 24 vs. the median at 340K.
At the moment, the index is down 0.33% at 83.13 and according to tradingcentral.com, the next support levels align at 82.90, 82.70 and 82.55 while resistance levels are located at 83.35, 83.50 and 83.65