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Dollar index lifts above key resistance level as EUR/USD falls below 1.16
The dollar index (USDX) has certainly got some traction now. The push higher in the USD/JPY and the further fall in the EUR/USD have helped to propel the Dollar index above its 200 day moving average (in place right now at 99.13). That had clearly been guarding the topside today and further surge in oil prices has sure underpinned the dollar as much as it has dented stocks here in Europe and US futures ahead of the opening. Even the Nasdaq 100 is getting clumped now. The dollar index has just gotten as high as 99.19. It is right now at 99.19
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