Dollar Index Falls below 80 - 13.12.2012
Currency markets reacted very predictably to the outcome of the Fed meeting, which, of course, was a key event last night. U.S. dollar falls vs. all the most liquid currencies, except the Japanese yen. Next week there will be the Bank of Japan meeting, which can also go for further easing in policy. The dollar index reflecting its dynamics with respect to six currencies at the same time fell yesterday to 1-week low - 79.71 (see the chart). Especially remarkable is falling of U.S. dollar against the Australian, Canadian and New Zealand currencies. The euro also approaches the key resistance level at 1.3150, where its growth stopped several times in a row.
The US dollar index, daily chart