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Forex: US Dollar Index in session highs

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the USD against its major competitors, has reverted a negative start and managed to climb to the current area of 82.65/70, printing session highs at the same time.

“The Fed’s March Minutes continued the trend of improving sentiment among policymakers, albeit at a very slow pace… Accordingly, it is looking increasingly likely that QE3 could be wound down beginning in the late-3Q’13 or 4Q’13, although the long-term structure of the labour market is likely to prevent the Fed’s main interest rate from rising from its current level of 0.00% to 0.25%”, commented Christopher Vecchio, Currency Analyst at DailyFX.

At the moment, the index is up 0.26% at 82.63 and in the view of tradingcentral.com, the next resistance levels line up at 82.80 and 82.95; support levels align at 82.15 and 81.90.

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