The dollar and yen retreated against majors on optimism in markets, after signs of recovery seen recently. The U.S. dollar pared its previous gains generated earlier today on better-then-expected earnings by Phillips, which sapped demand on lower-yielding assets. The dollar index, which tracks the dollar movements versus a basket of major currencies, plummeted to 76.19 from the opening at 76.33.
The euro-dollar pair inclined on the daily 4-hour and 1-hour charts. The euro zone lacked fundamentals today;where movements are merely technical. The euro retraced some of Friday's losses when the dollar rebounded. The European Single Currency is currently traded at 1.4767 recording a high of 1.4774 and low of 1.4647, where the pair is supported by 1.4755 and faces the coming resistance of 1.4780.
The pound-dollar pair showed a decline on the daily and 4-charts. Also, the
The dollar-yen pair inclined on the daily charts, but on the 4-hour and 1-hour charts, it showed a decline. The yen dropped today versus majors on technical movements, where markets are closed in