Major currencies decline against the dollar during the Asian session

By @ibtimes on

The major currencies fell against the dollar with the beginning of the Asian session, with the expectation that the Federal Reserve Bank on the way to end the second round of quantitative easing stimulus program, which has increased the demand for the dollar.

The euro started today's session with a decline against the dollar, as the pair trades around 1.4580 after recording the highest at 1.4596 and the lowest at 1.4492. The pair faces a resistance at 1.4620. The daily momentum indicators show the pair is trading at overbought.

The pound traded lower against the greenback, trading around 1.6500 after recording the highest at 1.6505 and the lowest at 1.6436. The pair faces a resistance at 1.6550. The daily momentum indicators show the pair is in an overbought area.

The dollar/yen pair increased during the Asian session, as the pair trades around the 81.72 level, recording the highest at 81.96 and the lowest at 81.55. The daily momentum indicators show the pair is in an oversold area.

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