The greenback sits near the bottom of the pile
The dollar remains offered as we approach European trading in what has been a follow through of the move seen in overnight trading for the most part so far. The ranges for the day remains heavily subdued though. EUR/USD may be trading near the highs now at 1.1622 but the pair only sits in a 21 pips range for the day.
In case you missed it, the dollar suffered a dip after poor Philly Fed figures for June here. But combined with technical selling, it made for quite a reversal at the start of US trading yesterday.
The dollar index once again failed to find a daily close above the 95.15 resistance level seen from last October - despite trading to a high of 95.53 yesterday - and that means sellers haven't thrown in the towel just yet and there's still much to fight for today.
Here are the ranges ahead of European trading:
- EUR/USD - 21 pips
- USD/JPY - 23 pips
- GBP/USD - 38 pips
- USD/CHF - 25 pips
- USD/CAD - 28 pips
- AUD/USD - 26 pips
- NZD/USD - 52 pips
