2024-04-24
EBC Forex Snapshot, 24 Apr 2024
The dollar was flat on Wednesday around its lowest since 12 April. Data showed business activity kept up its positive momentum across Europe in April, to the detriment of the greenback.
The yen was flirting with the key 155 level although Finance Minister Shunichi Suzuki said last week's meeting with his US counterpart has laid the groundwork for Tokyo to act against excessive yen moves.
Japanese government bond yields mostly reached their levels not seen in more than a decade, as traders looked ahead to the BOJ's policy-setting meeting at the end of this week.
| Citi (as of 22 Apr) | HSBC (as of 23 Apr) | |||
| support | resistance | support | resistance | |
| EUR/USD | 1.0600 | 1.0885 | 1.0540 | 1.0826 |
| GBP/USD | 1.2337 | 1.2709 | 1.2194 | 1.2607 |
| USD/CHF | 0.8999 | 0.9152 | 0.9026 | 0.9181 |
| AUD/USD | 0.6339 | 0.6668 | 0.6325 | 0.6609 |
| USD/CAD | 1.3478 | 1.3862 | 1.3500 | 1.3871 |
| USD/JPY | 150.88 | 155.00 | 152.14 | 156.20 |
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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