Dollar slips against major currencies before the FOMC minutes

By @ibtimes on

The dollar slipped against major currencies, with expectations that the U.S. FOMC minutes will not refer to any tightening in monetary policy which reduced the demand for the dollar and increased risk appetite among investors.

The euro started today's session with an increase against the dollar, as the pair trades around 1.4268 after recording the highest at 1.4286 and the lowest at 1.4240. The pair faces a resistance at 1.4300. The daily momentum indicators show the pair is in an oversold area.

The pound traded higher against the greenback, trading around 1.6241 after recording the highest at 1.6286 and the lowest at 1.6235. 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 81.10 level, recording the highest at 81.49 and the lowest at 80.96. The daily momentum indicators show the pair is heading to the upside.

Join the Discussion