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

Portland, Oregon, has been in Trump’s crosshairs for years. That’s how we got here

President Donald Trump has targeted some of the nation's largest Democratic-run cities — Chicago, Los Angeles, Washington, D.C. — during…

2 minutes ago

Pope Leo XIV poverty Dilexi Te: NPR

Pope Leo XIV in St. Peter's Square in the Vatican. Andrew Medichini/AP hide caption toggle caption Andrew Medichini/AP VATICAN CITY…

3 minutes ago

Jana Small Finance Bank to raise up to ₹250 crore via issue of non-convertible debentures

One of India's leading small finance banks, Jana Small Finance Bank Ltd, on Thursday (October 9) announced that its board…

9 minutes ago

Giants looking to end Eagles curse – they refuse to talk about it

Not recognizing the facts does not make them cease to exist. Starting inside linebacker Bobby Okereke is 1-3 against the…

15 minutes ago

Jeff Bridges Channels “Big Lebowski” to Tell the World to “Calm the F— Down”

Nearly 30 years later, “The Dude” is still around and encouraging the rest of the world to follow his example.…

16 minutes ago

Nobel Prize for Literature 2025 – Press release

Access: Summary-Lászlo Krasznahorkai Price announcement press release Bio-bibliography EnglishEnglish (pdf)SwedishSwedish (pdf) The permanent secretary Press releaseOctober 9, 2025 The 2025…

18 minutes ago