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Forex: US Dollar Index testing weekly lows

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is hovering over weekly lows on Friday, dragged lower by the prevailing risk appetite throughout the week. Furthermore, its decline was intensified today after the US NFP badly missed expectations, printing 88K in March vs. 200K expected.

Further data in the US showed that the unemployment rate ticked lower to 7.6% and the trade deficit narrowed to $43.0 billion during February.

At the moment, the index is down 0.29% at 82.56 and according to tradingcentral.com, the next support levels are located at 82.50 and 82.3 while resistance levels are waiting at 82.95, 83.15 and 83.35.

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