The dollar remained stable, below recent highs, with currency markets quiet as traders awaited further remarks from Fed officials later in the day.
EBC Forex Snapshot
10 Oct 2023
The dollar was steady on Tuesday and below recent highs. Currency markets were relatively muted as traders waited for more Fed officials to speak later in the day.
Dovish comments from two Fed officials helped and the conflict in the Middle East push Treasury yields on Monday. Israel says it has secured its border with Gaza.
Citi (as of 3 Oct) | HSBC (as of 10 Oct) | |||
support | resistance | support | resistance | |
EUR/USD | 1.0477 | 1.0834 | 1.0388 | 1.0677 |
GBP/USD | 1.2011 | 1.2308 | 1.1967 | 1.2356 |
USD/CHF | 0.8745 | 0.9338 | 0.8985 | 0.9299 |
AUD/USD | 0.6300 | 0.6522 | 0.6234 | 0.6462 |
USD/CAD | 1.3302 | 1.3695 | 1.3488 | 1.3889 |
USD/JPY | 144.54 | 150.15 | 147.57 | 150.42 |
The green numbers in the table indicate an increase in data, the red numbers indicate a decrease in data, and the black numbers indicate that the data remains unchanged.
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Following strong economic news, the dollar was steady on Friday. US GDP grew at a 2.8% annual rate last quarter, beating expectations.
2024-07-26The yen reached a 2.5-month high on Thursday, with the dollar, euro, and sterling falling over 1% ahead of next week's BOJ meeting.
2024-07-25The US dollar rose on Wednesday as traders awaited inflation data. June home sales fell more than expected, and median prices hit a record high.
2024-07-24