The Dollar Index is not closing above 84.50 on monthly basis

Posted by on Feb 12, 2013

Market Commentary The Dollar Index is trading firm at 80.00 ranges on the event of most of the asset classes either nearing their respective resistance zones or correcting. The benchmark equity index of the Dow Industrials (.DJIA) trading tight at the psychological resistance of 14000 mark. Next leg of Dollar weakness is expected only on consistent daily below 78.80 ranges else it is poised to test 81.00 ranges. The Dollar Index is trading currently at 80.25. The benchmark equity index (.DJIA)
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