2024-06-27
EBC Forex Snapshot, 27 Jun 2024
The dollar pared some of its gains from the previous session as Treasury yields eased a touch. New home sales in the US dropped last month as mortgage rates remained elevated.
The euro was on track to lose roughly 1.4% for the month, weighed down by political turmoil in the euro zone in the lead up to France's snap election set to begin this weekend.
European leaders' summits could be faced with a critically weakened French president who has been one of the very few among them to consistently push for a stronger, more united and more "sovereign" EU.
| Citi (as of 24 Jun) | HSBC (as of 27 Jun) | |||
| support | resistance | support | resistance | |
| EUR/USD | 1.0668 | 1.0916 | 1.0595 | 1.0832 |
| GBP/USD | 1.2619 | 1.2860 | 1.2535 | 1.2783 |
| USD/CHF | 0.8827 | 0.9158 | 0.8866 | 0.9035 |
| AUD/USD | 0.6564 | 0.6729 | 0.6579 | 0.6709 |
| USD/CAD | 1.3577 | 1.3846 | 1.3620 | 1.3785 |
| USD/JPY | 153.60 | 160.00 | 156.97 | 162.73 |
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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