EUR/USD touches a low of 1.1675 on the day

The dollar is seeing bids across the board and is gaining against all major currencies right now. As a result, EUR/USD is now testing support at the 50.0 retracement level @ 1.1680 and the 21-day moving average @ 1.1678.

Meanwhile, GBP/USD is also down to a low of 1.3262 on the day with USD/CHF and USD/CAD at the highs trading at 0.9887 and 1.3301 respectively. And AUD/USD and NZD/USD are also dragged down to the lows with the former touching just below 0.7400 while the latter sits at 0.6877 currently.

I'm not seeing any particular catalyst for the move here but with little data to go on and with market seemingly stuck in a bit of a summer lull, it's a lot to do with flows right now. Remember, trading this week also involves month-end, quarter-end, and half-year-end flows/rebalancing so moves such as these are not entirely uncommon.

Other than that, the dollar is also seeing good flows as a result of gold touching the year's low after it broke below last week's low @ $1,261.50.