The dollar weakens ahead of important U.S. data

12 March 2010 @ 07:01 am EDT

The U.S. dollar slipped against a basket of major currencies on Friday ahead of U.S. retail sales and confidence reports. Retail sales are expected to show decline in February, while Michigan confidence to show improvement. The dollar index plunged today to 79.80 from the day's opening at 80.25 after breaching strong support at 80.07 which may open the door for further decline till getting support at 78.80.

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