The dollar is sitting lower across the board as we get into European morning trade, continuing the declines from last week. In trading yesterday, the greenback was pushed a little lower but now we're starting to see some key levels come into play. In particular, EUR/USD is closing in on a key test of the 1.1800 mark.
The pair is up 0.3% to 1.1797 currently with buyers knocking on the door of a chance for to open up the next upside leg. That said, large option expiries around the figure level could still help to limit gains on the session - at least before we get to the US retail sales data.
Besides that, USD/JPY is down 0.4% to 146.72 while GBP/USD is up 0.3% to 1.3638 on the day. As mentioned earlier, the downside focus is starting to build against the dollar and that will be a key risk potential if the Fed does lean more dovishly tomorrow.
This article was written by Justin Low at investinglive.com.Hence then, the article about dollar on the backfoot as we get european trading underway 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Dollar on the backfoot as we get European trading underway )
Also on site :
- My Wife Doesn’t Know I Watched Her Cheat On Me. My Reaction Might Shock Us Both.
- The Good Ship Murder Christmas special cast: Meet the characters
- Eight fire crews tackling blaze at West Midlands Wetherspoon pub