The euro and the pound gained against the green currency in today's Asian session ahead of important fundamentals today that is expected to show contraction in the U.S deepened that may lead to concerns about recovery. The USDIX dropped recording a low of 76.76 and a high of 77.08.
The euro dollar pair inclined recording a high of 1.4632 and a low of 1.4584, having the union currency trading around 1.4625. The pair fell yesterday on fears spread in the currencies market as consumer confidence in the U.S came worse than its prior reading. Today the pair is having a resistance at 1.4685 along with a support at 1.4560. Unemployment rate in
As for the pound dollar pair, it gained for the third consecutive day recording a high of 1.6032 and a low of 1.5962, having the royal pound trading around 1.6030. The pair is having a resistance at 1.6065 along with a support at 1.5955. In case the pair breached the resistance we may see it trading near the 1.3615 levels where it should find a strong resistance. However, the daily stochastic oscillator is supporting the upside.
Finally, the dollar fell against the Japanese yen recording a low of 89.65 and a high of 90.40. A report today showed that