Dollar holds slightly softer on the session, US futures a touch higher

Author: Justin Low | Category: News

Some slight moves in the market but nothing that stands out all too much

The dollar is a little softer in European morning trade but not really being pushed to the brink with EUR/USD testing waters just above its 100-day moving average @ 1.2052 but not really securing a firm breakout just yet.

USD/JPY remains tepid around 107.85-00 while GBP/USD holds a slight bounce to around 1.3870-90 but price remains trapped in between its key hourly moving averages.

USD/CAD has trimmed its earlier drop from 1.2470 to 1.2490 levels as the pair is still finding it tough to break through the daily support region at 1.2476-00.

Meanwhile, AUD/USD is holding a bounce off 0.7700 but upside is also more limited near its 100-hour moving average close to 0.7745 currently.

Elsewhere, US futures are holding a slight bounce of around 0.2% after yesterday's declines but there still seems to be some sense of trepidation ahead of US trading.

Invest in yourself. See our forex education hub.
SPX
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose