China to release U.S. contraction signal line refers to a modest rebound from 79.00

 Monday (January 17) morning Asian market, the dollar index 79.00 line from a modest rebound, the current rose to around 79.20.

Although the eurozone government bond auction results last week, more optimistic, and the European Central Bank (ECB) expressed a positive view, but on Friday (January 14) The People's Bank of China (PBOC) a tight re-release policy signals, the dollar took the opportunity to rebound.

the People's Bank of China on Friday decided that from January 20, 2011, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points.

some analysts said the dollar from 81.00 last week, near the bottom, the lowest first-line test a low 78.80. Just a week, from 1 month interval shock top, fell to the bottom.

the analysts that the U.S. is possible that short-term rebound in the 78.80 line, above resistance at 79.60-70, followed by 80.10. If the bottom below the 78.80 support, the support will first look at 78.50-55, and further decline is likely to open a new slide.