After a break yesterday, 10-year yields in the US are higher by nearly 4 bps to 4.515% currently. That's helping to prop up USD/JPY as well, with the pair up 0.4% to just above 152.00 now.
EUR/USD, GBP/USD, and AUD/USD are all still holding above the 100 and 200-hour moving averages while USD/JPY, USD/CAD, and USD/CHF are also keeping below their 100 and 200-hour moving averages respectively. All of that suggests the near-term bias is still siding with dollar sellers for now.
Coming up in European trading, we do have some economic data points to move things along. The UK labour market report is one to watch out for, before moving on to the final French inflation numbers for January and the German ZEW business survey findings.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about dollar holds steadier ahead of european trading was published today ( ) and is available on forex 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.
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