{"id":15598,"date":"2012-01-05T15:55:01","date_gmt":"2012-01-05T14:55:01","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15598\/us-dollar-index-breaks-through-81-mark-watch-out-for-a-big-leap-higher\/"},"modified":"2012-01-05T15:55:01","modified_gmt":"2012-01-05T14:55:01","slug":"us-dollar-index-breaks-through-81-mark-watch-out-for-a-big-leap-higher","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15598\/us-dollar-index-breaks-through-81-mark-watch-out-for-a-big-leap-higher\/","title":{"rendered":"US Dollar Index breaks through 81 mark, watch out for a big leap higher"},"content":{"rendered":"<p><p>The ICE US Dollar Index has broken through 81 in currency market trading this afternoon and traders should watch out for a potential &#8220;big leap&#8221; higher as the US dollar makes gains against the euro and investors pile back into the dollar on safe haven tactics.<\/p>\n<p><strong>Latest Dollar Index Rate<\/strong><\/p>\n<p>The ICE US Dollar Index, which tracks the US dollar against six major world currncies was trading at 81.135 14.20 GMT today, from the session open of 80.425.<\/p>\n<p><strong>Dollar Index Resistance Upto 88<\/strong><\/p>\n<p>Historically, when the US Dollar Index breaks above 81.5, there aren`t any very strong resistance levels between that level and 88.5. A steep rise in the value of the US dollar could happen in a time period of only a few trading days, similar to the trend in 2010 May.<\/p>\n<p>This potential for a very fast rise has significant consequences for other currencies including a much weaker euro.<\/p>\n<p>The euro hit its lowest level against the dollar in 16 months on Thursday as investors sold the single currency amid ongoing concerns about the ability of eurozone countries to raise funding.<\/p>\n<p>The euro fell to a low of $1.27920 against the US dollar, a loss of 1.16 percent in trading this afternoon and Europe&#8217;s single currency looks set to remain weak according to analysts.<\/p>\n<p> <\/script> <span><g:plusone count=\"true\" size=\"tall\"><\/g:plusone><\/span><\/p>\n<p>Excerpt from:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/us-dollar-index\/ice-us-dollar-index\/01\/2012\/us-dollar-index-breaks-through-81-mark-watch-out-for-a-big-leap-higher.html\" title=\"US Dollar Index breaks through 81 mark, watch out for a big leap higher\">US Dollar Index breaks through 81 mark, watch out for a big leap higher<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The ICE US Dollar Index has broken through 81 in currency market trading this afternoon and traders should watch out for a potential &#8220;big leap&#8221; higher as the US dollar makes gains against the euro and investors pile back into the dollar on safe haven tactics. Latest Dollar Index Rate The ICE US Dollar Index, which tracks the US dollar against six major world currncies was trading at 81.135 14.20 GMT today, from the session open of 80.425. Dollar Index Resistance Upto 88 Historically, when the US Dollar Index breaks above 81.5, there aren`t any very strong resistance levels between that level and 88.5. A steep rise in the value of the US dollar could happen in a time period of only a few trading days, similar to the trend in 2010 May. This potential for a very fast rise has significant consequences for other currencies including a much weaker euro. The euro hit its lowest level against the dollar in 16 months on Thursday as investors sold the single currency amid ongoing concerns about the ability of eurozone countries to raise funding. The euro fell to a low of $1.27920 against the US dollar, a loss of 1.16 percent in trading this afternoon and Europe&#8217;s single currency looks set to remain weak according to analysts. <\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15598","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=15598"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15598\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}