Forex: US Dollar Index upside capped at 82.45


30/05/2012 22:06 AST  FXstreet

The US Dollar Index, which gauges the world’s reserve against its major rivals, is grinding lower after the Consumer Confidence index in the US has dropped to 64.9 in May, missing expectations at 70.0 and down from April’s 68.7, following the 2.6% YoY contraction in the S&P/CS HPI during March.

The US dollar has been swinging back and forth the positive and negative territory as rumours circling the euro zone and China were the main drivers behind price action in today’s session.

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