Dollar index moved high against other major currencies, as the
release of disappointing data from the euro zone and rising oil price continued
to support market sentiment.
German
manufacturing PMI rose to 51.9 in April from 50.7 the previous
month, while the services PMI fell
to 54.9 from 55.1.
Flash Euro
Zone Composite Output Index, which measures the combined output of
both the manufacturing and service sectors slipped from 53.1 in March to 53.0
in April, below forecasts for 53.2.
The ECB held the benchmark interest rate European Interest Rate
Decision at a record low zero, in a widely anticipated decision.
US dollar Index moved between strong resistance level at
95.00 and the strong support at 94.00.
Close above 95.00 will push price up to 95.50 levels , else
could test support level of 94.00.
