Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
EUR/USD. The European currency is showing confident growth in the EUR/USD pair, extending the corrective impulse formed at the end of last week, and during the Asian session it is testing the 1.1820 level for an upside breakout, while market participants await new catalysts.
The US dollar is showing active but mixed dynamics in the USD/CAD pair during the Asian session, consolidating near the 1.3670 area as market participants await new drivers and assess the fundamental signals that emerged last week.
The European currency is showing solid gains in the EUR/USD pair, extending the corrective momentum formed at the end of last week, and during the Asian session is testing the 1.1820 level for an upside breakout, while market participants await new catalysts.
Shares of McDonald’s Corp., the world’s largest fast-food chain, are trading near 330.00 following the release of its latest financial report.
United States of America. The U.S. dollar is weakening against the pound but shows mixed dynamics against the euro and the yen.
The XPT/USD pair has entered a key sideways range of 2186.07–2012.14 (50.0–61.5% Fibonacci retracement), where it has been trading for more than two weeks. Over the past three sessions, prices have attempted to resume upward momentum amid escalating tensions in the Middle East.
The US dollar is showing mixed dynamics in the USD/JPY pair, holding near the 155.20 level during the Asian session as investors analyze Japan’s January inflation data. In annual terms, the headline consumer price index slowed sharply from 2.1% to 1.5%, coming in below average forecasts, while the core indicator eased from 2.9% to 2.6%.
EUR/USD. The euro is posting a moderate pullback against the US dollar, extending a corrective move across the ultra-short-term and short-term horizons. The pair is testing the 1.1750 level to the downside, holding close to the local lows recorded on January 23.
The GBP/USD pair continued to decline under the influence of monetary factors, reaching the 1.3500 level.
The euro-to-dollar exchange rate (EUR/USD) briefly climbed above the 1.20 mark in January, but later retreated toward the 1.18 area as the US dollar partially recovered against European currencies.
United States. The U.S. dollar is losing ground against the euro and the pound, while showing mixed performance against the yen.
Amid positive momentum in the US dollar, the USD/JPY pair is trading around 155.18.
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