On Monday, the dollar rose broadly as traders anticipated a Trump election victory following an attempted assassination of the former president.
EBC Forex Snapshot, 15 Jul 2024
The dollar rose broadly on Monday as trades for a victory by Donald Trump in the upcoming elections gathered steam in the wake of an attempted assassination of the former president.
The Australian dollar edged lower after data showed the world's second-largest economy grew much slower than expected in Q2. China's once-in-five-year gathering of top officials kicked off today.
Separate figures released earlier in the day showed China's new home prices fell at the fastest pace in nine years in June, with the battered sector struggling to find a bottom despite support measures.
Citi (as of 8 Jul) | HSBC (as of 15 Jul) | |||
support | resistance | support | resistance | |
EUR/USD | 1.0666 | 1.0916 | 1.0743 | 1.0990 |
GBP/USD | 1.2616 | 1.2860 | 1.2737 | 1.3120 |
USD/CHF | 0.8827 | 0.9158 | 0.8884 | 0.9023 |
AUD/USD | 0.6595 | 0.6847 | 0.6667 | 0.6848 |
USD/CAD | 1.3577 | 1.3846 | 1.3560 | 1.3729 |
USD/JPY | 156.23 | 163.40 | 156.18 | 160.80 |
The green numbers in the table indicate that the data has increased compared with the previous time; the red numbers indicate that the data has decreased compared with the previous time; and the black numbers indicate that the data has remained unchanged.
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On Friday, the US dollar fell to a one-week low as mixed job market signals emerged before key payroll data likely to influence Fed policy.
2024-09-06The dollar fell Thursday on US economic worries, with the yen rising on safe-haven demand. Traders see a 44% chance of a 50-bp cut this month.
2024-09-05Safe-haven currencies surged Wednesday as Wall Street and Asian stocks fell sharply, leading to losses in commodity currencies.
2024-09-04