Skip to main content

Dollar turns lower again as US yields slip-check out the EUR/USD right now

The earlier modest rebound in the US dollar has now given way to further downside. The USD index (USDX) has tested the noted 104.01 level and the EUR/USD has just hit a fresh session high at 1.0873. At the same time the USD/JPY has rejected a sustained move above 151.75 and turned lower. The GBP/USD has taken out the noted 50 day moving average this time and is just now extending above that 1.2669 price point. The USD/CAD has fallen back further below its 200 day moving average (1.3503). The move higher in the EUR/USD is taking that close to another potential resistance level, at 1.0876. That is where the 100 day moving average comes into play right now. The move lower in the dollar comes amide further gains for the US equity futures ahead of the opening this afternoon and all seem predicated on the fact that US yields are now turning lower again 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!