The dollar rose to its highest level in 6 weeks against the euro, after expectations that refer to improved U.S. consumer confidence data, which increased the demand for the U.S. dollar, along with fears of the crisis of European sovereign debt, which increases the demand for safe haven currencies.
The euro started today's session with an increase against the dollar, as the pair trades around 1.4253 after recording the highest at 1.4265 and the lowest at 1.4183. The pair faces a resistance at 1.4280. The daily momentum indicators show the pair is in an oversold area.
The pound traded higher against the greenback, trading around 1.6269 after recording the highest at 1.6284 and the lowest at 1.6238. The pair faces a resistance at 1.6300. The daily momentum indicators show the pair is in an oversold area.
The dollar/yen pair decreased during the Asian session, as the pair trades around the 80.66 level, recording the highest at 80.07 and the lowest at 80.43. The daily momentum indicators show the pair is heading to the upside.