The dollar was steady - EBC Daily Snapshot

2023-10-10
Summary:

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.

USDJPY

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.

Citibank vs. HSBC Currency Pair Data Comparison

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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The euro's recent performance has been sluggish

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