Dollar continued to rise against the euro and other major currencies after the failure of the U.S. Federal Bank's decision to restore stability and calmness to financial markets, increasing the tendency of investors to abandon higher-yielding currencies in favor of the dollar and the Japanese Yen.
The euro decreased against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4334 after recording the highest of 1.4375 and the lowest of 1.4309. On the short term the currency faces a support at 1.4250 while the momentum indicators show the pair is heading to the upside.
The pound retreated against the U.S. dollar during today's Asian session touching the lowest of 1.6241, while it recorded the highest of 1.6312, and as of this writing it is trading at 1.6260. On the short term the currency faces a support at 1.6200 , on the other hand the momentum indicators show the pair is heading to the downside.
The dollar/yen pair retreated today sharply where it reached to its lowest at 76.64 level, the pair now is trading at 76.72 recording the highest of 77.13. Momentum indicators show the pair in an oversold area.