The US Dollar (USD) is going sideways to a touch lower in the European trading session on Monday, with markets seeing headlines on the political difficulties around Europe fading into the background.
The US Dollar trades relatively flat despite USD/JPY near 160.00. All eyes will be on US Q1 GDP and PCE data for May as focal points this week. The US Dollar index pivots around June’s high. The US Dollar is going sideways to a touch lower in the European trading session on Monday, with markets seeing headlines on the political difficulties around Europe fading into the background. This means some fading in the safe-haven flows into the Greenback.
Further up, the biggest challenge remains at 106.51, the year-to-date high from April 16. On the downside, the 105.52 level is the first support ahead of the trifecta of Simple Moving Averages . First is the 55-day SMA at 105.20, safeguarding the 105.00 round figure. A touch lower, near 104.64 and 104.48, both the 100-day and the 200-day SMA form a double layer of protection to support any declines. Should this area be broken, look for 104.00 to salvage the situation.
Macroeconomics Unitedstates SEO
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar wafts ahead of GDP, PCE dataThe US Dollar Index (DXY) is slowly declining as US markets prepare for the release of economic data this week.
Read more »
US Dollar Could Bounce Back: Key Trading Levels to Monitor Ahead of PCE, GDP DataForex Analysis by Investing.com (Günay Caymaz) covering: EUR/USD, XAU/USD, Gold Futures, US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
US Dollar in downtrend on quiet Monday, markets eye GDP, PCE dataThe US Dollar Index (DXY) is seeing some losses on Monday as US markets remain closed for the Memorial Day break.
Read more »
US Dollar in calm water at start of US GDP, PCE weekThe US Dollar (USD) trades a little softer against most major peers on Monday as there is not much to report for the Greenback, with US markets closed for the Memorial Day holidays.
Read more »
USD/CAD rises toward 1.3700 ahead of US PCE, Canada’s GDPUSD/CAD halts its recent losses, trading around 1.3690 during the Asian session on Friday.
Read more »
USD/INR gains ground ahead of Indian GDP, US PCE dataIndian Rupee (INR) weakens on Friday amid the modest rebound of the US Dollar (USD).
Read more »