The dollar stayed firm Monday as investors awaited US economic signals. The euro hovered near a one-month low amid Europe's political turmoil.
EBC Forex Snapshot, 17 Jun 2024
The dollar was firm on Monday as investors awaited fresh clues on the strength of the US economy. The euro hovered near a more than one-month low amid political turmoil in Europe.
Even after the French financial markets endured a brutal sell-off late last week, European Central Bank policymakers have no plans to discuss emergency purchases of French bonds, five sources told Reuters.
The international trade surplus in goods in the Eurozone was estimated at €15 billion in April, standing higher than the figure seen during the corresponding month last year, Eurostat said last week.
Citi (as of 11 Jun) | HSBC (as of 17 Jun) | |||
support | resistance | support | resistance | |
EUR/USD | 1.0700 | 1.0981 | 1.0606 | 1.0855 |
GBP/USD | 1.2300 | 1.2827 | 1.2604 | 1.2810 |
USD/CHF | 0.8885 | 0.9158 | 0.8806 | 0.9070 |
AUD/USD | 0.6562 | 0.6729 | 0.6557 | 0.6687 |
USD/CAD | 1.3577 | 1.3846 | 1.3626 | 1.3817 |
USD/JPY | 151.86 | 157.71 | 155.18 | 158.90 |
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