OctaFX | OctaFX Forex Broker
Open trading account
Back

Dollar broadly mixed as corrective forces try to take hold – BBH

FXStreet (Barcelona) - According to Marc Chandler, Global Head of Currency Strategy at BBH Global, the dollar trades mixed with other currencies, but mostly on the softer side besides against the Yen.

Key Quotes

“The dollar is mostly weaker on the day, especially against the scandies. The euro is approaching the $1.2550 level once again.”

“The dollar is trading back at the bottom of the recent ranges against the Norwegian krone and Swedish krona, at $6.7450 and $7.3750."

"The exception against majors is the yen, against which the dollar is up slightly, but still not back at the ¥117.0 level.”

“The dollar is mixed against EM with KRW and MYR on the weak side, but RUB and IDR outperforming.”

EUR/USD consolidates above 1.2500

The shared currency is now looking to keep the trade above the 1.2500 limestone, taking EUR/USD to the 1.2515/20 band...
Read more Previous

Euro gains as German investor confidence shines –MP

Kenny Fisher, Currency Analyst at MarketPulse, notes EUR/USD trading slightly above the 1.25 line after the German ZEW Economic Sentiment climbed to 11.5 points.
Read more Next
Start livechat