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Forex: US Dollar Index in red below 83.00

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major competitors, is markedly lower on Monday, navigating below the key mark of 83.00.

According to the last COFER report, S.Osborne – Analyst at TD Securities – commented, “The USD’s proportion of total allocated FX reserves holdings remains generally steady. At the end of 2012, the USD accounted for about 62% of total reserve holdings, about the proportion held in USD in 2009 and little different from Q3”.

As of writing, the index is down 0.35% at 82.88, and according to tradingcentral.com, the next support levels line up at 82.75, 82.55 and 82.40; resistance levels are located at 83.20, 83.35 and 83.50

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