Dollar keeps its gains against major currencies

By @ibtimes on

The dollar continues to maintain its gains against the euro and other major currencies that before the issuance of data on inflation and retail sales from the U.S. economy, which is expected to show some improvement, which may increase the demand for the dollar.

The euro started today's session with an increase against the dollar, as the pair trades around 1.4220 after recording the highest at 1.4233 and the lowest at 1.4181. The pair faces a support at 1.4280. The daily momentum indicators show the pair is in an oversold area.

The pound traded lower against the greenback, trading around 1.6332 after recording the highest at 1.6378 and the lowest at 1.6300. The pair faces a support at 1.6300. The daily momentum indicators show the pair is in an oversold area.

The dollar/yen pair increased during the Asian session, as the pair trades around the 81.00 level, recording the highest at 81.32 and the lowest at 80.95. The daily momentum indicators show the pair is heading to the upside.

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