Dollar catches a bid as European markets start the day

Author: Justin Low | Category: News

The USD is slightly higher against most of the major currencies while trimming losses against the AUD and JPY

Nothing much else of note as we see the dollar firm up at the start of European trading. EUR/USD fell to a low of 1.1941 and it's just off that now trading at 1.1945.

Meanwhile, USD/JPY continues to retrace earlier losses following the BOJ announcement of "tapering" here. The pair is now back up to 112.82.

The greenback has pared all of its losses against the aussie, as AUD/NZD selling once again plays a factor in sending the AUD lower today. AUD/NZD peaked at 1.0960 earlier in Asian trading, but has since fallen to 1.0914 now.

Cable is also markedly lower right now, falling below 1.3540. The pair is still stuck within a range over the last three trading days and makes for some good two-way action as I pointed out here.

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