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Forex: US Dollar Index in lows below 82.00

FXstreet.com (Barcelona) - The greenback, tracked by the US Dollar Index, is nose-diving on Tuesday, posting fresh lows around 81.80/85 as risk appetite continues its relentless march north.

In the US docket, Consumer Prices eased more than expected, posting an annualized expansion of 1.5% while the Core reading advanced 1.9%. Housing Starts bettered expectations and offset the poor data from Building Permits. Further data showed that the Industrial Production grew 0.4% during March, followed by an increase of the Capacity Utilization to 78.5%. Both prints came in above the median.

At the moment, the index is down 0.82% at 81.83 and according to tradingcentral.com, the next support lines up at 81.75 while resistance levels align at 82.45, 82.60 and 82.80.

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