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US Dollar Index breaches 84.00

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major competitors, has breached the key support at 84.00 on Monday, although keeping the positive ground so far.

“The dollar maintained its momentum last week, with net purchases against all currencies (G10 and EM) hitting the second largest weekly level so far in 2013. The dollar did particularly well against high-beta emerging market and risk currencies, while performance against some of the majors was more mixed”, commented G.Yu y G.Berry, Strategists at the Swiss lender UBS.

The index is now up 0.18% at 83.87 and according to tradingcentral.com, the next resistance levels line up at 84.35, 84.50 and 84.65 while support levels are located at 83.80, 83.55 and 83.30.

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