Dollar mostly lightly changed, awaits US jobs report later ...Middle East

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There's not much in it among major currencies but the dollar is continuing to hold more sluggish on the week. EUR/USD is holding within a 20 pips range today, up 0.1% to 1.0825 while USD/JPY is down 0.3% to 160.73. The latter started to lose some steam in trading yesterday and the near-term chart reflects that better today:The pair broke below its 100-hour moving average (red line) yesterday before sellers leaned on the key level to test the 200-hour moving average (blue line) earlier today. That held for a few hours before a break again before the wee hours of European morning trade. And now, we're seeing price action hold thereabouts.With price trading below both the key hourly moving aver

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Last updated : 05 July 2024 clock 11:41 AM

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