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US Dollar Index around 84.50

FXstreet.com (Barcelona) - The greenback, in terms of the US Dollar Index, is trading firmly higher across the board, propped up by a hawkish testimony of Fed’s Bernanke.

“We believe we have entered a USD bull environment. “Don’t fight the central bank” is proving to be a wise approach in the FX market, and USD strength is the most likely
result of such a strategy”, suggested David Bloom, Global Head of FX Strategy at HSBC.

At the moment, the index is up 0.57% at 84.43 and according to tradingcentral.com, the next resistance levels align at 84.50 and 84.70; while support levels line up at 83.55, 83.30 and 82.95.

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