US Dollar currently giving up some gains 22 August 2016

A new week brings a weaker US$ as the European jury remains well and truly out on the expected/hoped for US rate hike euphoria we've seen of late.

GBPUSD has now taken out the 1.3100 offers/res after EURGBP failed to get back up through 0.8630 and dropping to 0.8610. Offers around 1.3120 though are capping and sending cable back to 1.3105 as I type.

EURUSD has tested 1.1300 but failed to breach so far while USDJPY is lower at 100.65. while USDCHF is once again on the back foot at 0.9625 and USDCAD down testing 1.2900 after stalling at the 1.2930 area I highlighted earlier.

AUDUSD on a rally still after finding demand below 0.7600 but offers/res await nearby at 0.7620 ahead of larger interest at 0.7650.