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Forex: US Dollar index bouncing off lows

FXstreet.com (Barcelona) - The US Dollar Index, with tracks the buck against its major rivals, is sharply lower on Wednesday, after spiralling risk appetite prompted market participants to unwind USD positions in favour of riskier assets. After bottoming in the proximities of 81.80, buying interest is now lifting the index to the current 81.90/95 region.

Almost empty docket in the US has no collaborated either, with only the release of the MBA Mortgage Approvals, expanding 7.0% in the week ending on May 3.

At the moment, the index is down 0.50% at 81.92 and according to tradingcentral.com the next support levels line up at 81.75 and 81.60 while up-barriers lie at 82.25, 82.45 and 82.60.

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