US Dollar starting off 2023 with a bang – BBH – by eren_fxstreet DollarIndex Majors Currencies Banks
Euro trading at lowest level since December 12
"The euro is trading at the lowest level since December 12 and has retraced nearly half of the late November-mid-December rally. A break below $1.0460 is needed to set up test of the November 30 low near $1.0290." "USD/JPY broke below the August 2 low near 130.40 to trade as low as 129.50 today before reversing on broad-based dollar gains. That break sets up a test of the May low near 126.35."
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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