Dollar holds lower ahead of retail sales data ...Middle East

Is this where the train stops for the dollar? The post-election run higher has been without much pause but finally we might be getting that today. The greenback is down across the board, retracing just a slight bit of the gains from this week. USD/JPY is the biggest loser, down 0.6% to 155.33 currently. However, it is still not quite meeting any key near-term levels just yet.The 100-hour moving average (red line) is lining up with the 155.00 mark now. And that's the key level to watch for any shifts in near-term momentum for the pair.Similarly, EUR/USD may be up 0.4% to 1.0575 but is not yet contesting its own 100-hour moving average of 1.0595 at the moment. That's a key pair that has arguab

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Last updated : 15 Nov 2024 clock 02:53 PM

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