Higher yields and a dent to risk appetite were key drivers for the dollar in trading yesterday. And the technical story is one that just added fuel to the fire, leading to the strong moves yesterday. So far today, the dollar is consolidating the gains yesterday although poor data from China is seen weighing on the likes of AUD/USD:The pair is now breaking through its 200-day moving average (blue line) of 0.6581 as well as its 50.0 Fib retracement level of 0.6570. That now sees price threaten a push towards the December lows around 0.6525-50 before revisiting the 100-day moving average (red line) at 0.6512 currently.This just gives another technical advantage to the dollar, who is also seen c
Hence then, the article about dollar stays in a commanding spot ahead of european trading was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Dollar stays in a commanding spot ahead of European trading )