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US Dollar Index – Technical Update - Week Of 12th November
US Dollar Index – Technical Analysis Update WC 12th November Market Sentiment Overview – The US dollar index has seen steady gains this week after experiencing a drop back to the 80.30 previous resistance area, which then acted as support during the aftermath of the victory by incumbent President Obama. The dollar gained versus its major currency counterparts on risk aversion flows, as the greenback reversed its previous losses and then some. Now the elections are over, financial market participants are facing the reality that a resolution of the “fiscal cliff” is key in the near term. Risk assets have ... (full story)
