The dollar fell to its lowest level in a month against the euro, before the issuance of government jobs report data, which is expected to show that the U.S. economy has hired fewer people during May. On the other hand the U.S. economy has witnessed a number of disappointing economic data, which increases the expectations that the Fed will not shift to tighten monetary policy soon.
The euro started today's session with an increase against the dollar, as the pair trades around 1.4482 after recording the highest at 1.4516 and the lowest at 1.4478. The pair faces a resistance at 1.4520. The daily momentum indicators show the pair is in an overbought area.
The pound traded lower against the greenback, trading around 1.6339 after recording the highest at 1.6378 and the lowest at 1.6335. The pair faces a support at 1.6300. The daily momentum indicators show the pair is heading to the downside.
The dollar/yen pair decreased during the Asian session, as the pair trades around the 80.72 level, recording the highest at 80.87 and the lowest at 80.66. The daily momentum indicators show the pair is in an oversold.