The US dollar advanced versus its counterparts yesterday during the second half of the day after the US Feds showed the economy is on the right track to recover. The dollar traded today at the highest level in three months, before the housing starts and building permits will release today, while the market's expectations indicated that they will come better than the preceding month.
The euro/dollar declined slightly during today's Asian session, where now the pair trades around the 1.3220 level, recording the highest at 1.3235 and the lowest at 1.3206. The euro faces a support at 1.3180. The daily and four hours momentum indicators show the pair in an oversold area, supporting the pair to rise slightly during today's session.
The pound/dollar pair declined during the Asian session, where now it trades around the 1.5553 level, recording the highest at 1.5563 and the lowest at 1.5539. The pair now faces a support at 1.5525, while the momentum indicators show the pair in an oversold area.
The yen/dollar pair inclined slightly during today's Asian session, where now the pair trades around the 84.23 level, recording a high of 84.29 and a low of 84.13. On the other hand, the daily and four hours momentum indicators show the pair in an overbought area, supporting the pair to decline.