Dollar little changed going into European trading

Technical Analysis

FX showing little poise for the most part to start the day

The greenback is mildly weaker to start the day but it isn’t saying much when we’re seeing major currencies keep in narrow ranges:

  • EUR/USD: 14 pips (1.1759-73)
  • USD/JPY: 23 pips (109.68-91)
  • GBP/USD: 20 pips (1.3784-04)
  • USD/CHF: 16 pips (0.9265-81)
  • USD/CAD: 23 pips (1.2667-90)
  • AUD/USD: 18 pips (0.7282-00)
  • NZD/USD: 18 pips (0.7060-78)

The only currency a little weaker than the dollar today is the yen, with USD/JPY up 0.1% to 109.81 as Treasury yields keep steady after the bounce yesterday.

But the more interesting chart among dollar pairs from a technical perspective is arguably USD/CHF as it contests the 2 July high at 0.9275 overnight and is seen keeping just below that now. That will be one to watch in the sessions ahead.

Articles You May Like

NZDUSD: A lot of chop in the trading this week, but the sellers are still in control
Pound Sterling Price News and Forecast: Decline in UK Retail Sales sets stage for BoE rate cuts
Gold headed for weekly gains on revived hopes of Fed rate cuts
Dollar Weakened by Reports Trump Is Holding Off on New Tariffs
Shares of Cartier owner Richemont jump 16% as sales rise in December quarter

Leave a Reply

Your email address will not be published. Required fields are marked *