Major currencies hold little changed ahead of European trading ...Middle East

The greenback put on a decent showing yesterday, helped by a fall in the euro as well as a technical defence in USD/JPY I would say. But even so, the pressure remains as Treasury yields are struggling as highlighted here. But as mentioned in the post as well, traders have priced in a significant chunk of rate cuts already for next year. So, is that consolation enough for the dollar?For now, major currencies are little changed with EUR/USD hugging closer to 1.0900 and keeping below both its 100 and 200-hour moving averages. That will at least help the dollar out a little as the near-term bias in the pair is now more bearish. Meanwhile, USD/JPY while seeing a modest bounce to 148.00, is seeing

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