The dollar fell considerably today against other majors during the Asian session especially since Tuesday's new home sales report from the U.S. had a lower than expected outcome, which lower demand on the greenback even more.
The euro rose against the U.S. dollar during today's Asian session then weakened again during the European session. The euro is trading as of this writing at 1.4478 after recording the highest of 1.4534 and the lowest of 1.4474. On the short term the currency faces a support at 1.4370 while the momentum indicators show the pair is in an overbought area.
The pound fell against the U.S. dollar during today's Asian session touching the lowest of 1.6438, then it weakened further during the European session recording the lowest of 1.6387, and as of this writing it is trading at 1.6394. On the short term the currency faces a support at 1.6280 as momentum indicators show the pair is in an overbought area.
The dollar/yen pair continues to fall where it reached to the 77.61 level, the lowest since the central bank intervened following March 11th earthquake. The pair now is trading at 77.63 recording the highest of 78.68. Momentum indicators show the pair in an oversold area, yet the pairs ignores those signs.