Dollar weakens again in rather quiet markets today. But there is no committed selling so far, as the greenback is staying inside yesterday’s range. European majors also soften, on lockdown concerns, and shrug of solid German economic data. Commodity currencies are stronger in general, even though risk markets are rather sluggish. US futures are pointing
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USD/JPY is still expected to grind lower in the next weeks, according to UOB Group’s FX Strategists. Key Quotes 24-hour view: “We expected USD to weaken yesterday but we were of the view that ‘102.85 is a solid support and this level is unlikely to yield so easily’. We highlighted that the ‘next support is
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Dollar’s selloff intensifies somewhat today, with solid risk appetite in the background. Though, Sterling is slightly weaker entering into US session. On the other hand, Euro and Swiss Franc are the strongest for now. Commodity currencies are also struggling to pick up buying despite rally in oil prices and Gold. Nevertheless, a busy week with
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