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Forex: US Dollar Index in red around 80.50/55

The greenback, measured by the US Dollar Index, is trading in the defensive territory on Tuesday, trimming initial gains and printing fresh lows at the moment around the mid 80.00s

“The US dollar is showing resilience in the face of ongoing QE and end of the payroll tax holiday and the pending sequester. The Dollar Index, to illustrate the point, has now closed above the downtrend line going back to mid-November since the middle of last week. It intersects today near 80.30”, argued analyst Marc Chandler at Brown Brother Harriman.

As of writing, the index is losing 0.04% at 80.54
According to tradingcentral.com the next support levels line up at 80.45, 80.23 and 80.15; while resistances are located at 80.72, 80.85 and 81.00

US markets in 5-year highs, dollar flat

US equities are inching higher on Tuesday, pushing the S&P500 to 5-year highs and the Dow above 14,000 pts, as M&A chatter involving OfficeMax (OMX) and Office Depot (ODP) are bolstering the momentum...
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Forex: USD/JPY slides to fresh daily low

USD/JPY turned back lower during the New York session, after a recovery attempt was capped by the 93.65 area. The pair broke below the 100-hour SMA and hit a fresh daily low of 93.28. However, USD/JPY found fresh support at the 200-hour SMA and it is currently trading at the 93.30 zone, recording a 0.7% daily loss.
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