Dollar Index Poised for 2012 Low on Chart: Technical Analysis
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The Dollar Index is headed for a two-month low after the currency gauge dropped below its 100-day moving average, Nomura Holdings Inc. said, citing trading patterns.
The index, which Intercontinental Exchange Inc. uses to track the U.S. currency against its six major counterparts, slid as much as 0.8 percent to 78.488 yesterday, below its 100-day moving average of 78.747.