Forex: US Dollar Index slightly up around 80.20

The greenback, measured by the US Dollar Index, is posting meagre gains in the vicinity of 80.20, as a generalized lack of direction prevails in the markets.

In the data space, January Retail Sales in the US rose 0.1% on a monthly basis. Excluding the auto sector, sales also expanded 0.2%, exceeding estimates at 0.1%. In addition, Business Inventories rose 0.1% in December, below the median at 0.2%.

At the moment, the index is up 0.04% at 80.20 and according to tradingcentral.com, the next resistance levels lie at 80.30 and 80.50; while supports lie at 79.55, 79.45 and 79.35