Dollar index has best week in nearly 2 years.
Aug 13 (Reuters) - The dollar on Friday marked its best week against a basket of major
currencies in nearly two years, as worries about the strength of the global economy fed short-
covering and safe-haven demand for the greenback.
The dollar index .DXY, which measures the greenback against six major currencies, rose 3.2
percent this week to 82.943. That was the biggest weekly gain since it rose nearly 5 percent in
the week ended Oct. 26, 2008.
Worries that a slower U.S. economy could cause headwinds for global growth led investors to
sell risky assets and buy dollars as a safe-haven play, traders said
The US Dollar Index rallied off support at 80. Penetration of the descending trendline
indicates that the down-trend is weakening.
"P&F
_DXY10080 Box Size20X3 or(6.28%) HI/LO
Data 120.51 - 70.7
~ 211 Month ~ 6405 Day
Database 916 records 82.92 (Last Close)
1993-01-24 00~00
2010-08-08 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
120.0|~2OO||__________________o_x_+_______________ ______|0.42%|69.73%
118.0|~4OO||____________x___x_o_x_o_+_____________ ______|2.08%|66.9%
116.0|~6OO||____________x_o_x_o_x_o___+___________ ______|3.74%|64.07%
114.0|~8OO||____________x_o_x_o_x_o_____+_________ ______|5.4%|61.24%
112.0|~1OOO|____________x_o_x_o___o_______+_______ ______|7.06%|58.42%
110.0|~12OO|____________x_o_______o_________+_____ ______|8.72%|55.59%
108.0|~14OO|____________x_________o___________+___ ______|10.38%|52.76%
106.0|~16OO|____________x_________o_____________+_ ______|12.04%|49.93%
104.0|~18OO|________x___x_________o_______________ +_____|13.7%|47.1%
102.0|~2OOO|____x___x_o_x_________o_______________ __+___|15.36%|44.27%
100.0|~22OO|____x_o_x_o_x_________o_______________ ____+_|17.02%|41.44%
98.00|~24OO|____x_o_x_o_________+_o_x_____________ ______|18.68%|38.61%
96.00|~26OO|x___x_o_x_________+___o_x_o___________ ______|20.34%|35.79%
94.00|~28OO|x_o_x_o_x_______+_____o_x_o___________ ______|22%|32.96%
92.00|~3OOO|x_o_x_o_______+_______o___o_x_________ ______|23.66%|30.13%
90.00|~32OO|x_o_x_______+_____________o_x_o_______ ______|25.32%|27.3%
88.00|~34OO|__o_x_____+_______________o_x_o_x___x_ __x___|26.98%|24.47%
86.00|~36OO|__o_x___+_________________o_x_o_x_o_x_ o_x_o_|28.64%|21.64%
84.00|~38OO|__o_x_+___________________o_x_o_x_o_x_ o_x_o_|30.3%|18.81%
82.00|~4OOO|__o_+_____________________o___o_x_o_x_ o_x_o_|31.96%|15.98%
80.00|~42OO|__+___________________________o_x_o_x_ o_x___|33.62%|13.15%
78.00|~44OO|______________________________o_x_o___ o_x_+_|35.28%|10.33%
76.00|~46OO|______________________________o_x___+_ o_+___|36.93%|7.5%
74.00|~48OO|______________________________o_x_+___ +_____|38.59%|4.67%
72.00|~5OOO|______________________________o_+_____ ______|40.25%|1.84%
70.00|~52OO|______________________________+_______ ______|41.91%|-0.99%
Column||||||4_7_1_5_6_3_1_4_4_5_4_1_3_8_5_1_8_5_5_ 6_6_3_|
Count|||||||____O_______O_________4_______O_______ ______|
BJF Trading Group. Excel Chart. Full size.
