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Forex: US Dollar Index consolidates gains below 83.00

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is advancing firmly on Monday, consolidating gains below the key 83.00 handle and partially retracing last week losses.

David Song, Currency Analyst at DailyFX, commented, “… the FOMC Minutes due out on April 10 may generate a bullish outlook for the greenback as a growing number of central bank officials favour adjusting the asset purchase program… the policy statement may sound more upbeat this time around, and we may see the FOMC slowly move away from its easing cycle as the world’s largest economy gets on a more sustainable path”.

At the moment, the index is up 0.28% at 82.83 and according to tradingcentral.com, the next resistance levels align at 82.95 and then 83.15; while support levels lies at 82.15 and 82.30.

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