FXStreet The US Dollar Indexwhich is a measure of the value of the US Dollar using a Basket of six currencies, compares, on Wednesday, in the Minus and was listed last on 99,40.
US dollars with profit-taking pressure
The DXY has had to make a part of its yesterday’s gains to 99,60 – but the week’s kick-off, which started the recovery still remains intact.
The Index has been removed so that more of the important 200-day line and the 12-month support line at around 99.00 a positive was in order.
The published on Wednesday the US economic data were positive. Thus, the Export and import prices by report month of April to convince. In the course of the day, the main focus is likely to be of market participants on the speech of Fed Chairman E. Rosengren (voting rights from 2019, hawkish).
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The Index was last updated on 99,40, and to 0.03 percent in the Minus. The next supports lie at 99,13 (the 200-day line) 99,05 (Fibo 23.6%) and 98,96 (Deep 09. May). Resistors, however, are at 99,56 (High 09. May), 99,81 (50% Fibo) and 99,94 (High 21. To find April).
** FXStreet News Editorial, FXStreet**