The dollar fell today during the Asian session on fears over the Feds adopting more quantitative easing measures to support the economic recovery of the largest economy in the world, which could increase the US dollar supply in the markets and weaken it against other currencies.
The euro rose against the dollar in the Asian session today, where the pair trades around 1.3322 recording the highest at 1.3352 and the lowest at 1.3280. The European currency faces a resistance at 1.3370 after the pair reversed its movement to the upside. The daily momentum indicators give selling signs while the four hours indicators show the pair in an oversold area.
The pound regained some of the losses witnessed yesterday, and now it trades around 1.5772, recording a high of 1.5774 and a low of 1.5703. The pair witnesses a support at 1.5788, while the daily momentum indicators show the pair in an overbought area.
The dollar/yen pair fell slightly during today, where the pair now trades around 82.61 recording the highest at 82.69 and the lowest at 82.33. The daily and four hours indicators show the pair in an overbought area.