Dow Jones Newswires by AFB

[AFB]

here i will try to put the important news that impact the market

USD Index Clears Downward Path To 77.000
1012 GMT [Dow Jones] Across-the-board weakness in the USD Wednesday has prompted effective three-week lows below 77.522, and bears are targeting the 77.000 level. A downwave equality target lies at 76.969, projected off Tuesday's 78.320 reaction high, which lies perilously close to the February 2 reaction low at 76.883. And the fact that the origin of this bear wave off the February 14 peak at 78.873 has now been confirmed as a major bull failure does not help the dollar's cause. The USD Index is at 77.560. USD index is at 77.544.