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Forex: US Dollar Index flat ahead of ISM manufacturing


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The greenback, measured by the US Dollar Index, is trading almost unchanged on Tuesday, ahead of the ISM manufacturing index and the Construction Spending in the US. Market participants expect the results to be slightly below the previous prints.

 

The dollar is hovering over month’s lows as April has witnessed the world’s reserve losing ground against almost all its major rivals.

 

At the moment: AUD -1.10%, EUR +0.04%, GBP -0.19%, NZD -0.71%, CAD +0.04% CHF -0.05% and JPY +0.01%. Wall St. futures are down 0.18% at 13,205 pts. and S&P500 futures are losing 0.25% at 1,396 pts. WTI is down 0.37 % at $104.45 and Gold is retreating 0.33% at $1,660

 

The index is down 0.01% at 78.84 as of writing, with the next resistance at 78.97 ahead of 79.10 and then 79.25

Support levels are located at 78.70 followed by 78.55 and 78.42

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