Categories: Business & Economy

Dollar remains firmer in European morning trade

The dollar is once again finding deals in European morning trading, as it moves higher in today’s session. USD/JPY was one of the first to move, surging above 153.00, but other dollar pairs are now moving as the greenback continues to remain supported.

GBP/USD was down 0.4% at 1.3343 and USD/CHF was up a further 0.2% at 0.8030 on the day. But on the contrary, keep an eye on EUR/USD as it is currently starting to approach the 1.1600 mark:

EUR/USD daily chart

The pair is only down 0.2% so far, with significant option expiries at 1.1600 perhaps helping to follow the line. However, sellers are trying to make a move by challenging a breakout below the 100-day moving average (red line). This will be the first time since March that price action has threatened to break either of its major daily moving averages.

This is a very notable development, as it would signify the end of the more bullish bias established over the last six months or so.

Furthermore, the decline in GBP/USD also appears to threaten September’s double low around 1.3323-33 and NZD/USD is also once again heading towards a test of the September low of 0.5754. The latter is currently down 0.4% at 0.5763 after surviving a daily close above the support level indicated yesterday.

So, dollar pairs are definitely starting to move, even though things have been a little quieter this week.

Source link

Michael Johnson

Recent Posts

NBA annual survey says Thunder will repeat, Nuggets’ Jokic as MVP

Tim BontempsOctober 9, 2025, 11:46 a.m. ETCloseTim Bontemps is a senior NBA writer for ESPN.com who covers the league and…

3 weeks ago

Donald Trump to present Ben Carson with the Presidential Medal of Freedom

Former Secretary of Housing and Urban Development Dr. Ben Carson, recently named National Nutrition Advisor at the U.S. Department of…

3 weeks ago

Federal health insurance premiums will see another significant increase in 2026

Federal employees and annuitants are heading into another year of sharp increases in their health insurance premiums, both under the…

3 weeks ago

Drake’s Lawsuit Against Kendrick Lamar’s ‘Not Like Us’ Dismissed by Judge

A federal judge on Thursday (Oct. 9) dismissed Drake's defamation lawsuit against Universal Music Group over Kendrick Lamar's "Not Like…

3 weeks ago

10/9: CBS Morning News – CBS News

10/9: CBS Morning News - CBS News Watch CBS News Israel and Hamas agree to first phase of Gaza peace…

3 weeks ago

Letitia James, who sued Trump, indicted for alleged bank fraud: NPR

New York Attorney General Letitia James speaks during a news conference January 8, 2025 in New York. Michael M. Santiago/Getty…

3 weeks ago