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Forex: US Dollar Index flat around 82.40

FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback against its major rivals, is trading almost unchanged on Monday in the area of 82.40/45, reflecting the lack of direction prevailing in the markets. Disappointing Chinese data early morning sparked a sell-off in the riskier assets and commodities, giving extra support to the USD overnight.

In the data realm, the NY Empire State manufacturing index dropped to 3.05 in April, missing the median at 7.0 and down from March’s 9.24. Further data saw the NAHB Housing Market index fall to 42 in the same period vs. 45 expected, and the Net Long-term TIC Flows shrink to $-17.8 billion in February from $25.7 billion previous.

At the moment, the index is losing 0.02% at 82.39 and according to tradingcentral.com, the next support lies at 82.05, 81.90 and 81.75 while resistance levels align at 82.60, 82.80 and 82.95.

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