Dollar on the back foot ahead of European trading

Only the aussie is weaker than the greenback today

Though the ranges are relatively narrow still for majority of the major currencies, we are seeing some extensions with EUR/USD touching a high of 1.1802 on the day. Meanwhile, USD/CHF is at a session low of 0.9843 while NZD/USD is up to a high of 0.7050 on the day.

The aussie meanwhile has trimmed some losses against the dollar, up to 0.7660 having touched a low of 0.7644 earlier. USD/JPY continues to hug the 109.90 levels just under 110.00.

Here are the ranges for the day:

  • EUR/USD - 29 pips
  • USD/JPY - 35 pips
  • GBP/USD - 29 pips
  • USD/CHF - 25 pips
  • USD/CAD - 17 pips
  • AUD/USD - 29 pips
  • NZD/USD - 18 pips
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